AP Economics Chapters 13, 14, 15 Exam
The required reserve ratio must be about: A) 7 percent. B) 14 percent. C) 20 percent. D) 26 percent. 28. Assume the required reserve ratio is 162/3 percent and that the commercial banking system has $110 million in excess reserves. The maximum amount of money which the banking system could create is: A) $110 million. B) $330 million. C) $660 ... ................
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