Mathematics, 14.12.2021 14:00 kragland4752

Suppose the Federal Reserves' purchase of government bonds results in a $14,000 increase in the excess reserves of a particular bank. What would be the applicable reserve requirement for the whole banking system to be able to expand
the money supply by $700,000?
O 5 percent
O 2 percent
O 50 percent
20 percent
O 25 percent

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