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Loraine Loraine
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8 years ago
The Fed buys $20,000 of government securities. The desired reserve ratio is 5 percent and the currency drain ratio is zero. What will be the change in the quantity of money?
A) $20,000
B) $400,000
C) $399,980
D) $19,000
E) $5,000
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
Mkersey12
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This calls for a celebration Person Raising Both Hands in Celebration
MLynneMcMillan
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Thanks for your help!!
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