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Business, 09.08.2021 21:30 gstinson98
Assume the overall banking system has $750 million in excess reserves and the current required reserve ratio (RRR) is 10%. If the FED then raises the required reserve ratio from 10% to 14% (and assuming that there are no leakages in the banking system other than the required reserve requirement), how much will excess reserves change by in the overall banking system with this change in the RRR
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Assume the overall banking system has $750 million in excess reserves and the current required reser...
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