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The Fed changes reserve requirements from 10 percent to 14 percent, thereby eliminating $750 million in excess reserves. The total change in deposits (with no drains) would be (rounded):______ a. $3,000
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The Fed changes reserve requirements from 10 percent to 14 percent, thereby eliminating $750 million in excess reserves. The total change in deposits (with no drains) would be (rounded):______

a. $3,000 million.
b. $15,625 million.
c. $12,857 million.
d. $3,795 million.
e. None of the options.

User Toosweetnitemare
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Answer:

The answer is e. None of the options.

Step-by-step explanation:

(1/0.14) × $750 million= $5357 million

User AKA
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