what are the changes in deposits, currency holdings and money stock for an open market sale of $1,00,000? Given that required reserve ratio is 10%, the desired excess reserve ratio is 5% and desired currency to deposit ratio is 25%.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter24: Money And The Federal Reserve System
Section: Chapter Questions
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what are the changes in deposits, currency
holdings and money stock for an open
market sale of $1,00,000? Given that required
reserve ratio is 10%, the desired excess
reserve ratio is 5% and desired currency to
deposit ratio is 25%.
Transcribed Image Text:what are the changes in deposits, currency holdings and money stock for an open market sale of $1,00,000? Given that required reserve ratio is 10%, the desired excess reserve ratio is 5% and desired currency to deposit ratio is 25%.
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