Mar
10
I need some help! If theres an open market sale of 15 billion and the reserve rate is 16% whats the max?
March 10th, 2010 posted by
admin
My professor doesn’t give us enough to work with here and I can’t find information on this. Here is the question. Can you help?
Theres an open market sale of $15 billion. The reserve req. ratio is 16%. Whats the max amount the money supply will change as of a result of this sale? Thanks!
Mr. X says:
March 12th, 2010 at 3:00 am
This question is incomplete. You need to give the interest rate.