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Slav-nsk [51]
3 years ago
6

Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when th

e reserve requirement is 10 percent of deposits, and banks’ desired excess reserves are 3 percent of deposits.

Business
1 answer:
Ronch [10]3 years ago
4 0

Answer:

[email protected]%

4.11 @15%

Explanation:

Please see attachment

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