Table 13.1
Refer to Table 13.1.Given a reserve requirement of 8 percent, what is the maximum potential increase in the money supply?
A) $20, 500
B) $2, 800
C) $224
D) $11, 700
E) $35, 000
Correct Answer:
Verified
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Q49: A decrease in the discount rate:
A)increases reserve
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