In an economy where the cash holding rate is zero, how much money is created against the TL 1,000 deposited in the bank when the legal reserve ratio is r = 0.2?
In an economy where the cash holding rate is zero, how much money is created against the TL 1,000 deposited in the bank when the legal reserve ratio is r = 0.2?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: The Federal Reserve System
Section: Chapter Questions
Problem 4WNG
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In an economy where the cash holding rate is zero, how much money is created against the TL 1,000 deposited in the bank when the legal reserve ratio is r = 0.2?
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