23. Suppose the required reserve ratio is 10%. A $10 million deposit allows commercial banks to create at most: $10 million. $1 million. $11 million. $100 million.
23. Suppose the required reserve ratio is 10%. A $10 million deposit allows commercial banks to create at most: $10 million. $1 million. $11 million. $100 million.
Chapter25: Money Creation
Section: Chapter Questions
Problem 18SQ
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Question
23.
Suppose the
banks to create at most:
- $10 million.
- $1 million.
- $11 million.
- $100 million.
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