Can you help me with these two questions? I really need your help. Thanks! The banking system currently has $ \$ 12 $ billion of reserves, none of which are excess. People hold only deposits and no currency,

Can you help me with these two questions? I really need your

help. Thanks!
The banking system currently has $ \$ 12 $ billion of reserves, none of which are excess. People hold only deposits and no currency, and the reserve requirement is 5 percent. If the Fed raises the r

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Can you help me with these two questions? I really need your help. Thanks! The banking system currently has \( \$ 12 \) billion of reserves, none of which are excess. People hold…

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