bewellplus.gsu.edu
aileenn aileenn
  • 28-02-2017
  • Mathematics
Answered

if the federal reserve decreases the reserve rate from 4 to 2 how does this affect the amount of money that would result because of fractional reserve banking from an initial deposit into a bank of 55,000

Verified Answer :

luna80
luna80 luna80
  • 28-02-2017

If i remember correctly there is a reciprocal relationship you have to make use of. Check you textbook or whatever you might use.

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