Business, 21.02.2020 19:17 nxusasmangaliso1191

Assume that the commercial banking system has checkable deposits of $10 billion and excess reserves of $1 billion at a time when the reserve requirement is 20 percent. If the reserve requirement is now raised to 30 percent, the banking system then has

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Assume that the commercial banking system has checkable deposits of $10 billion and excess reserves...

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