Suppose a banking system has $ 130,000 of checkable deposits and actual reserves of $ 20,000. If the reserve ratio is 7% Required Reserves in the banking system are equal to: $ Report your answer as a whole number (no decimals)
Suppose a banking system has $ 130,000 of checkable deposits and actual reserves of $ 20,000. If the reserve ratio is 7% Required Reserves in the banking system are equal to: $ Report your answer as a whole number (no decimals)
Chapter19: Money Creation
Section: Chapter Questions
Problem 19SQ
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Economics
Suppose a banking system has $ 130,000 of checkable deposits and actual reserves of $ 20,000. If the reserve ratio is 7%
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