Decisions for Tomorrow Suppose a person who is developing a card game crowdfunds $20,000 and holds this as cash for future expenses. If this $20,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 10 percent? Instructions: Enter your response as a whole number. The money supply will decrease by $ 200,000
Decisions for Tomorrow Suppose a person who is developing a card game crowdfunds $20,000 and holds this as cash for future expenses. If this $20,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 10 percent? Instructions: Enter your response as a whole number. The money supply will decrease by $ 200,000
Chapter25: Money Creation
Section: Chapter Questions
Problem 8SQP
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