You take Rs. 400 you had kept under your mattress and deposit it in your bank account. If this Rs. 400 stays in the banking system as reserves and if

You take Rs. 400 you had kept under your mattress and deposit it in your bank account. If this Rs. 400 stays in the banking system as reserves and if banks hold reserves equal to 10 percent of deposits, By how much does the total amount of deposits in the banking system increase? Blank 1 ( write only numbers in the blank. Do not write commas or currency signs in the blank) By how much does the money supply increase? Blank 2 ( write only numbers in the blank. Do not write commas or currency signs in the blank)

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *