What dollar amount of securities does the Federal Reserve Bank need to buy in order to raise

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What dollar amount of securities does the Federal Reserve Bank need to buy in order to raise total checkable deposits in the economy by $155,000? Assume the required reserve ratio is 8% and use the simply deposit multiplier.

a. $11,200

b. $12,400

c. $13,333

d. $14,450

Related Book For answer-question

Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Posted Date: May 03, 2019 10:06 AM

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What dollar amount of securities does the Federal Reserve Bank need to buy in order to raise

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b 12400 REASON Dollar Amount ... View the full answer

Bank Management and Financial Services

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