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KiRa [710]
3 years ago
15

Ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. by how muc

h more does the money supply increase if the fed lowers the required reserve ratio to 7%?
Business
1 answer:
ludmilkaskok [199]3 years ago
4 0
<span>If the ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account, then $ 1,287 is the amount for the money supply to increase if the fed lowers the required reserve ratio to 7%.</span>
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