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Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when the reserve requirement is 10 percent of deposits, …

Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when the reserve requirement is 10 percent of deposits, …
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Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when the reserve requirement is 10 percent of deposits, and banks’ desired excess reserves are 3 percent of deposits.

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User Kerry Jiang
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1 Answer

5 votes

Answer:

4.78@10%

4.11 @15%

Step-by-step explanation:

Please see attachment

Compute the impact on the money multiplier of an increase in the currency-to-deposit-example-1
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User Cyberz
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