reserve ratio

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 7SQ
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John deposits $1,000 into his chequing account. If the reserve ratio is 10%, desired reserves are $
and excess
reserves are $
Transcribed Image Text:John deposits $1,000 into his chequing account. If the reserve ratio is 10%, desired reserves are $ and excess reserves are $
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