During the Financial Crisis of 2007-2009,banks significantly increased their holdings of excess reserves.What impact did this have on the money multiplier? How would the Fed change the monetary base if it wanted to maintain a stable money supply?

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The Answer of During the Financial Crisis of 2007-2009,banks significantly increased their holdings of excess reserves.What impact did this have on the money multiplier? How would the Fed change the monetary base if it wanted to maintain a stable money supply?

During the Financial Crisis of 2007-2009,banks Significantly Increased Their Holdings