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For more classes visit<br>www.snaptutorial.com<br><br>1.tSuppose 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?<br> <br>2.tThe formula for the simple deposit multiplier is?<br>
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ECON 545 Marvelous Teaching - snaptutorial.com • ECO 545 Week 5 Quiz • For more classes visit • www.snaptutorial.com • 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?
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