Answered: 9. If the reserve ratio is 10 percent,…

9. If the reserve ratio is 10 percent, then $600 of additional reserves would ultimately generate a. $5,600 of money. b. $6,000 of money. c. $5,300 of money. d. $3,600 of money.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9. If the reserve ratio is 10 percent, then $600 of additional reserves would ultimately generate
a. $5,600 of money.
b. S6,000 of money.
c. $5,300 of money.
d. S3,600 of money.

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