Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

supposed the federal reserve purchased $11 million in U. Treasury bond dealer, and the dealer's bank credits the dealer's account.

supposed the federal reserve purchased $11 million in U.S. Treasury bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 14 percent and the bank typically lends any excess reserves immediately.  if no currency leakage occurs, the bank will be able to loan its customers $____million after the fed's purchase.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question