Presume there is 100 million of cash in existence with 40
Presume there is $100 million of cash in existence with $40 million of it held in bank vaults as reserves. If the required reserve to checking deposit ratio is 25 percent, how large will the money supply be if banks hold no excess reserves?
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presume there is 100 million of cash in existence with 40 million of it held in bank vaults as reserves if the required
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