Question: Solve it correctly please. I will rate accordingly with multiple votes. Ty-ped answer please. This is my last attempt. Answer only if 100% correct. Suppose
Solve it correctly please. I will rate accordingly with multiple votes. Ty-ped answer please. This is my last attempt. Answer only if 100% correct. Suppose you deposit $500 in your checking account at your bank, which has a required reserve ratio of 20%.
Initially, as a result of your this transaction, the size of M1 will (increase , remain unchanged , decrease )
. Before any further actions by your bank( increase , remain unchanged , decrease ) by ? $
while the excess reserves of your bank ( increase , remain unchanged , decrease ) by? $
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