Assume that the following data describe the condition of, Ask an Expert

Economics

Assume that the following data describe the condition of the banking system:

Total reserves - $200 billion

Transactions deposits - $800 billion

Cash held by public - $400 billion

Reserve requirement - 0.20

By how much could the banks increase their lending activity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91370496

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