Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Suppose that the required reserve ratio is 2 percent and you deposit $100,000 of currency into Chase Bank. What is the potential increase in deposits.in the banking system brought about by your deposit? What is the potential change in the money supply?
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