Mathematics, 30.01.2020 11:47 andrejr0330jr
If the federal reserve decreases the reserve rate from 6% to 4%, how does this affect the amount of money that would result because of fractional-reserve banking from an initial deposit into a bank of $15,000?
a. it increases the amount by $125,000.
b. it decreases the amount by $250,000.
c. it increases the amount by $250,000.
d. it decreases the amount by $125,000.
Answers: 1
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If the federal reserve decreases the reserve rate from 6% to 4%, how does this affect the amount of...
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