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johnpaul92 johnpaul92
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8 years ago
Assume that the reserve-deposit ratio is 0.2. The Federal Reserve carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $2,600,000. What is the currency-deposit ratio?
A) 0.5
B) 0.2
C) 0.4
D) 0.3
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Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Appreciate your help, thank you again
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#3
8 years ago
Glad to be part of your success Wink Face
Anonymous
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#4
A year ago
Help! The answer is missing an explanation...
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#5
A year ago
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