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kolitchko kolitchko
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5 years ago
If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals
A) $550 million.
B) $1.54 billion.
C) $1.9 billion.
D) $15 billion.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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Wars-Like-ThisWars-Like-This
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5 years ago
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kolitchko Author
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5 years ago
Helped a lot
TheMoffattMan
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Just got PERFECT on my quiz
DAGINC
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2 hours ago
Smart ... Thanks!
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