The commercial banking system has excess reserves of $4,000. Then new loans of $30,000 are subsequently made, and the system ends up just meeting its reserve requirements. The required reserve ratio must be %. Your Answer: Answer
The commercial banking system has excess reserves of $4,000. Then new loans of $30,000 are subsequently made, and the system ends up just meeting its reserve requirements. The required reserve ratio must be %. Your Answer: Answer
Chapter13: The Federal Reserve System
Section: Chapter Questions
Problem 8WNG
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