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NYC NYC
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8 years ago
Assume there is no leakage from the banking system and that all commercial banks are loaned up. The required reserve ratio is 10%. If the Fed sells $5 million worth of government securities to the public, the change in the money supply will be:
A) $500 million.
B) -$50 million.
C) -$5 million.
D) $25 million.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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