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Home Q & A Board Other Fields Homework Help Business Economics
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jgreen14 jgreen14
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7 years ago
3. If the Bank of Canada sells $100 million worth of bonds to the public in an open market operation, what is the change in quantity of money that will eventually result? Assume that the currency drain is 0.15 and the desired reserve ratio is 0.05, and show your calculations.
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bolbolbolbol
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7 years ago
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jgreen14 Author
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7 years ago
Thank you, that is what I was thinking but the book gave me a weird formula.
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