In the spring of 2018, China's central bank, People's Bank of China, announced that it would...

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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 15 percent to 14 percent. This was expected to release RMB 1,200 billon of additional liquidity into the banking system. How large was the original monetary base initially? How large was the original monetary base initially? The original monetary base was RMBO (Round your response to the nearest whole number.) In the spring of 2018, China's central bank, People's Bank of China, announced that it would cut the reserve requirement ratio from 15 percent to 14 percent. This was expected to release RMB 1,200 billon of additional liquidity into the banking system. How large was the original monetary base initially? How large was the original monetary base initially? The original monetary base was RMBO (Round your response to the nearest whole number.)

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Soution Ciren Reseve Reguirement Raio Cunenty 15 Ratio pl... View the full answer