Question: Question 1&2 he BASIC financial system has a required reserves ratio of 15 percent, xcess reserves are ( $ 5 ) million, cash held by

Question 1&2 he BASIC financial system has a required reserves ratio of 15 percent, xcess reserves are $ \$ 5 $ million, cash held by the public is $ \$ 1 $ million expected to stay at that level, and there ar 2 answers

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