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%.
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%.
Chapter14: Money And The Federal Reserve System
Section: Chapter Questions
Problem 4SQ
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