In the spring of 2018, Chinas central bank, Peoples Bank of China, announced that it would cut
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In the spring of 2018, China’s central bank, People’s Bank of China, announced that it would cut the reserve requirement ratio from 17 percent to 16 percent. This was expected to release ¥1,300 billion of additional liquidity into the banking system. How large was the monetary base initially?
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The reserve requirement ratio RRR is the percentage of deposits that b...View the full answer
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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