If banks are fully loaned out, have no excess reserves, and the legal reserve requirement is raised, the amount that banks can lend is
a. reduced and the money supply contracts
b. reduced and the money supply expands
c. reduced and there is no change in the money supply
d. increased and the money supply expands
e. increased and the money supply contracts
A
Economics
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a. Milk and cookies. b. Tires and automobiles. c. Ink and pens. d. Coca-Cola and Pepsi. e. Computers and computer software.
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