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<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>3.t(Related to Solved Problem # 1) Suppose that simple economy produces only the following goods and services
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ECON 545 Greate Future / 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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