Economics: Principles & Policy
Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Chapter 28, Problem 1TY
To determine

The effect of a new deposit of $12 million on the money supply in an economy, where the required reserve ratio is 10 percent.

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