Business, 26.07.2019 01:20 fitzsimmonssheovgrbh

The u. s. money supply (m1) at the beginning of 2015 was $2,683.3 billion broken down as follows: $1,165.7 billion in currency, $3.5 billion in traveler's checks, and $1,514.1 billion in checking deposits. suppose the fed decided to decreasedecrease the money supply by increasingincreasing the reserve requirement from 99 percent to 1010 percent. assume all banks were initially loaned up (had no excess reserves) and the quantity of currency and traveler's checks held outside of banks did not change. how large a change in the money supply would have resulted from the change in the reserve requirement?

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The u. s. money supply (m1) at the beginning of 2015 was $2,683.3 billion broken down as follows: $...

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