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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
The Fed conducts an open market purchase of securities of $5,000. If the currency drain ratio is 0 percent and the desired reserve ratio is 10 percent, then the total increase in the quantity of money is
A) $5,000.
B) $20,000.
C) $50,000.
D) $10,000.
E) $4,000.
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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