Maddifalls6850 Maddifalls6850

04-12-2017
Business

contestada

"how much will the total money supply increase as a result when the required reserve ratio is"

Respuesta :

woodsonjarryn611 woodsonjarryn611

05-12-2017

SolutionMoney multiplier = Initial amount * (1/Required Reserve Ratio)
Money multiplier = 900 * (1/.10)
Money multiplier = $4,000
Now u will deduct 800 from $4,000 since u only need the increase

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