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Question
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion.
A) $8000
B) $1200
C) $1200.8
D) $8400
Answer
This answer is hidden. It contains 27 characters.
Related questions
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