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Category > Economics Posted 18 Jun 2017 My Price 2.00

Using a required reserve ratio of 10% and assuming that banks keep no excess reserves

Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. By how much more does the money supply increase if the Fed lowers the required reserve ratio to 7%?

 

 

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Alpha Geek
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Status NEW Posted 18 Jun 2017 09:06 AM My Price 2.00

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file 1497778829-Answer.docx preview (17 words )
A-----------nsw-----------er ----------- Mu-----------lti-----------pli-----------er -----------=1/-----------10%-----------=10----------- In-----------cre-----------ase----------- in----------- mo-----------ney----------- su-----------ppl-----------y=3-----------00*-----------10=-----------300-----------0 ----------- no-----------w i-----------f t-----------he -----------req-----------uir-----------ed -----------res-----------erv-----------e r-----------ati-----------o i-----------s l-----------owe-----------r =-----------7%,----------- th-----------en -----------mul-----------tip-----------lie-----------r=1-----------/7%-----------=14----------- -----------
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