Order the answer to: Suppose there is $120 billion of cash and that half

Custom Essays business-economics Order the answer to: Suppose there is $120 billion of cash and that half

business-economics

Order the answer to: Suppose there is $120 billion of cash and that half

Question Suppose there is $120 billion of cash and that half of this cash is held in bank vaults as required reserves (that is, banks hold no excess reserves). How large will the money supply be if the required reserve ratio is 10 percent? 12½ percent? 16 2?3 percent?
Subject business-economics
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