Suppose jennifer has 42000 in currency which she deposits


Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50%, this will lead to a maximum increase of ________ in M1 throughout all banks.

A) $0

B) $21,000

C) $42,000

D) $84,000

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Suppose jennifer has 42000 in currency which she deposits
Reference No:- TGS01116697

Expected delivery within 24 Hours