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★ѕραndavir ★ѕραndavir
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6 years ago
If the amount of high-powered money were 100 and the bank reserve holding ratio was 0.25 then the maximum stock of deposits would be (assume that citizens prefer to keep 10% of their money as cash)
A) 100/0.25 times 1.1 which is 440.
B) 100/0.35 which is approximately 286.
C) 100/0.35 times 1.1 which is approximately 314.
D) 100/0.10 which is 1000.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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6 years ago
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★ѕραndavir Author
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This calls for a celebration Person Raising Both Hands in Celebration
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Good timing, thanks!
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