If your bank receives a checkable deposit of $20,000 . and the banking system makes loans totaling $180,000 . the maximum possible, then the required reserve ratio must be:
a. 0.10.
b. 0.20.
c. 0.25.
d. 0.40.
e. 0.50.
a
Economics
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The formula for the deposit expansion multiplier =
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What is consumer surplus? Why would policy makers be interested in consumer surplus?
What will be an ideal response?
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