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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 2
If an increase of $100 in excess reserves in a simplified banking system can lead to a total expansion in bank deposits of $400, the required reserve ratio must be
A) 40 percent.
B) 400 percent.
C) 25 percent.
D) 4 percent.
E) 2.5 percent.
A) 40 percent.
B) 400 percent.
C) 25 percent.
D) 4 percent.
E) 2.5 percent.
Explanation
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Economics for Today 9th Edition by Irvin Tucker
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