Question: really need help with this question and i promise to upvote thank you :) Consider the above graph that shows demand for excess reserves by
Consider the above graph that shows demand for excess reserves by the banking system as a whole. Currently banks as a whole are holding an excess reserve of $350 billion. The graph indicates that the Fed is paying percent interest on bank excess reserves and that the equilibrium fed funds rate is percent. If the Fed reduces the interest on bank reserves to one percent, the equilibrium fed funds rate will equal percent. Consider the above graph that shows demand for excess reserves by the banking system as a whole. Currently banks as a whole are holding an excess reserve of $350 billion. The graph indicates that the Fed is paying percent interest on bank excess reserves and that the equilibrium fed funds rate is percent. If the Fed reduces the interest on bank reserves to one percent, the equilibrium fed funds rate will equal percent
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