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Question
Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, an increase in the currency-checkable deposit ratio will meana. an increase in currency in circulation and an increase in the money supply.
b. an increase in money supply but no change in reserves.
c. a decrease in the money supply.
d. an increase in currency in circulation but no change in the money supply.
Answer
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Related questions
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