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Consider an economy in which banks do not hold excess reserves; non-bank entities hold all money in the form of checkable deposits; and the required reserve ratio is 15 percent. If the monetary authority (ex the Fed) writes a $200,000 check to a member of the non-bank public, checkable deposits in this economy would increase by
a. $200,000.
b. $2,000,000.
c. $13, 333,333.
d. $1,333,333.