Bank failures are caused by banks having insufficient funds to cover withdrawals of deposits. a. Should Congress
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a. Should Congress require banks to hold 100% of deposits as reserves instead of the 10% now required?
b. What would happen to the availability of credit if banks held 100% reserves?
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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