Business, 06.11.2019 06:31 nicolescaggs

Fthe fed purchases $1 million worth of securities and the required reserve ratio is 8%, by how much will deposits change (assuming no change in excess reserves or the public's currency holdings)? a. rise by $8 million b. rise by $12.5 million c. decline by $1 million d. rise by $1 million

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Fthe fed purchases $1 million worth of securities and the required reserve ratio is 8%, by how much...

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