If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 will at most to be equal to a $150 million. b $20 million. c $90 million. d $30 million. e $120 million.
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Home » Business » If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 will at most to be equal to a $150 million. b $20 million. c $90 million. d $30 million. e $120 million.