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kolitchko kolitchko
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5 years ago
If the Fed purchases $1 million worth of securities and the required reserve ratio is 8%, by how much will deposits change (assuming no change in excess reserves or the public's currency holdings)?
A) rise by $1 million
B) decline by $1 million
C) rise by $8 million
D) rise by $12.5 million
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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vehmeinvehmein
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kolitchko Author
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5 years ago
You make an excellent tutor!
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Helped a lot
Evolution
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Thank you, thank you, thank you!
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