Suppose the Texans Bank has total deposit of $2,755, and the required reserve ratio of 7 percent. The current total reserve for the bank is $461. If the bank lend out all its excess reserve. What is the potential money supply creation in this banking system? [Hint: enter your answer in 2 decimal places] ed 3,830.71 margin of error +/- 0.01 ver

Suppose the Texans Bank has total deposit of $2,755, and the required reserve ratio of 7 percent. The current total reserve for the bank is $461. If the bank lend out all its excess reserve. What is the potential money supply creation in this banking system? [Hint: enter your answer in 2 decimal places] ed 3,830.71 margin of error +/- 0.01 ver

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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