Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
When reserve requirements go down from 15% to 10%, this means banks
a) must make more loans.
b) must use the money to hire more tellers to reduce wait times at the bank.
c) None of the choices is correct
d) are allowed to make more loans than before the reserve requirements were reduced.
e) must use the money to stay open longer hours.
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