Compare the required reserve ratio in China and the required reserve ratio on check able deposits in

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Compare the required reserve ratio in China and the required reserve ratio on check able deposits in the United States today.


The People’s Bank of China lowered the required reserve ratio from 17.5 percent to 17 percent, noting that it remained much higher than in other countries.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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