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Question
If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of $20,000 leads to a total increase in the quantity of money ofA) $3,000.
B) $20,000.
C) $133,333.
D) $200,000.
E) $300,000.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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