Given the target reserve ratios, amounts of reserves and deposits shown in the table below, complete column 4 showing the amounts by which the deposits could increase (all dollar figures in billions). (1) Target Reserve Ratio (2) Reserves ($billion) (3) Deposits ($billion) (4) Maximum Increase in Deposits ($billion) a. 6 30 450

Given the target reserve ratios, amounts of reserves and deposits shown in the table below, complete column 4 showing the amounts by which the deposits could increase (all dollar figures in billions). (1) Target Reserve Ratio (2) Reserves ($billion) (3) Deposits ($billion) (4) Maximum Increase in Deposits ($billion) a. 6 30 450

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 4PA

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