BU204 Unit 7 Assignment

BU204 Unit 7 Assignment

Author: Oscar Simpson

BU204 Unit 7 Assignment

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BU204 Unit 7 Assignment

This section deals with increase money supply given two scenarios (see “a” and “b” below).

In Westlandia, the public holds 50% of money one (M1) in the form of currency, and the required reserve ratio is 20%.

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