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Loraine Loraine
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8 years ago
Suppose the desired reserve ratio is 10 percent and there is no currency drain. Then a $200 increase in the monetary base results in the banking system increasing the quantity of money by
A) $200.
B) $2,000.
C) $20.
D) $10.
E) $2,190.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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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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8 years ago
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Loraine Author
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Brilliant ツ
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Just got PERFECT on my quiz
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