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7 years ago
The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The level of bank deposits will be
A) $333 billion.
B) $100 billion.
C) $250 billion.
D) $200 billion.
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Macroeconomics

Macroeconomics


Edition: 12th
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