The table given below records the amount of new deposits, the value of required reserves, and total amount loaned out by Banks 1, 2, and 3. Table 12.3
Refer to Table 12.3.If the reserve requirement changed to 8 percent, then total deposits in the economy would be equal to:

Question

The table given below records the amount of new deposits, the value of required reserves, and total amount loaned out by Banks 1, 2, and 3. Table 12.3
 Refer to Table 12.3.If the reserve requirement changed to 8 percent, then total deposits in the economy would be equal to:

Quizplus · Accepted Answer

The Answer of The table given below records the amount of new deposits, the value of required reserves, and total amount loaned out by Banks 1, 2, and 3. Table 12.3
 Refer to Table 12.3.If the reserve requirement changed to 8 percent, then total deposits in the economy would be equal to:

The Table Given Below Records the Amount of New Deposits