Business, 11.04.2020 00:50 cathysilvestro
Consider the following data about the economy: currency outstanding (C) = $1 trillion, total deposits (D) = $750 billion, total reserves (R) = $76 billion, and the required reserve ratio (RR ratio) = 10%. What is the level of excess reserves for this economy?
A. $1 billion
B. $10 billion
C. $75 billion
D. $76 billion
Answers: 1
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Consider the following data about the economy: currency outstanding (C) = $1 trillion, total deposit...
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