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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 27
A goldsmith has 1,000 gold coins in his safe and 1,000 receipts circulating. How much are his outstanding loans and what is his reserve ratio? (b) The goldsmith then lends out 100 of the coins. What is his reserve ratio?
Explanation
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The ratio of the gold coins that are ret...
Macroeconomics 11th Edition by Stephen Slavin
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