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In the reserve requirement model briefly explain what determines the demand for money (assume no central bank lending)

In the reserve requirement model briefly explain what determines the demand for money (assume no central bank lending)

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 7CQ
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In the reserve requirement model briefly explain what determines the demand for money (assume no central bank lending)
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