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Loraine Loraine
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8 years ago
If the currency drain ratio is zero, which of the following situations leads to the greatest total increase in the quantity of money?
A) an increase in the monetary base of $100,000 when the desired reserve ratio is 5 percent
B) an increase in the monetary base of $120,000 when the desired reserve ratio is 10 percent
C) an increase in the monetary base of $200,000 when the desired reserve ratio is 20 percent
D) an increase in the monetary base of $250,000 when the desired reserve ratio is 15 percent
E) an increase in the monetary base of $100,000 when the desired reserve ratio is 50 percent
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Loraine Author
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8 years ago
Thanks for your help!!
larrybrads
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
bioc
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2 hours ago
Thank you, thank you, thank you!
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