Business, 29.10.2019 03:31 NotYourStudent
Assume that the federal reserve establishes a minimum reserve requirement of 12 ½ %. also assume the federal reserve conducts an open market operations purchase of u. s. treasury securities in the amount of $1,000,000. the seller of the u. s. treasury securities deposits the $1,000,000 into his account at citibank. by what dollar amount could the money supply potentially grow from these transactions? show your work.
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Assume that the federal reserve establishes a minimum reserve requirement of 12 ½ %. also assume the...
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