Explain what would happen if banks were notified they had to increase their required reserves by one

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Explain what would happen if banks were notified they had to increase their required reserves by one percentage point from, say, 9% to10% of deposits. What would their options be to come up with the cash?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 03:09 AM

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Explain what would happen if banks were notified they had to increase their required reserves by one

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If banks were notified that they had to increase their required reserves from 9 to 10 of deposits they would need to make adjustments to meet this new ...View the full answer

Principles Of Economics

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