For more classes visit www.snaptutorial.com 1. Suppose that the reserve requirement is 5%. What is the effect on the total checkable deposits in the economy if banks reserves increased by $60 billion? 2. The formula for the simple deposit multiplier is?
For more classes visit www.snaptutorial.com 1. Suppose that the reserve requirement is 5%. What is the effect on the total checkable deposits in the economy if banks reserves increased by $60 billion?