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Loraine Loraine
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8 years ago
If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of $20,000 leads to a total increase in the quantity of money of
A) $3,000.
B) $20,000.
C) $133,333.
D) $200,000.
E) $300,000.
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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8 years ago
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Loraine Author
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8 years ago
this is exactly what I needed
riptide
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This helped my grade so much Perfect
carston
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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