ECONOMICS:PRIN.+POLICY-MINDTAP (1 TERM)
ECONOMICS:PRIN.+POLICY-MINDTAP (1 TERM)
14th Edition
ISBN: 9781337912396
Author: Baumol
Publisher: CENGAGE L
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Chapter 28, Problem 1TY
To determine

The effect of a new deposit of $12 million on the money supply in an economy, where the required reserve ratio is 10 percent.

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