Business, 26.08.2020 18:01 hwang258

Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking deposits and that banks hold no excess reserves and households hold no currency. Calculate the money multiplier and money supply for this banking system.

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Assume that the banking system has total reserves of $100 billion. Assume also that required reserve...

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