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Business, 05.11.2019 23:31 heids17043

Suppose that the fed requires banks to hold 10 percent of their deposits as reserves. a bank has $20,000 of excess reserves and then sells the fed a treasury bill for $9,000. how much does this bank now have to lend out if it decides to hold only required reserves?

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Suppose that the fed requires banks to hold 10 percent of their deposits as reserves. a bank has $20...
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