Business, 01.07.2021 21:50 NNopeNNopeNNope

Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bonds) from the non-bank public by the Fed, if all banks make loans until excess reserves equal zero and there are no cash leakages, checkable deposits can expand as a result of new lending by a maximum of .

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Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bo...

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