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Question
The Fed makes an open market operation purchase of $200,000. The currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. By how much does the quantity of money increase?A) $800,000
B) $333,333
C) $2,000,000
D) $615,416
E) $465,116
Answer
This answer is hidden. It contains 25 characters.
Related questions
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Scarcity results from the fact that
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B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
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