Re:New Economic Challenges and the Fed's Monetary Policy Review
by cma on Thursday August 27, 2020 @10:33PM
(#24300847)
> which will be expanded by about 8.5x by fractional reserve banking.
Didn't they remove all reserve requirements back on March 15? I thought a 0 requirement would cause a bigger than 8.5X multiple with enough time (all else equal).
Didn't they remove all reserve requirements back on March 15? I thought a 0 requirement would cause a bigger than 8.5X multiple with enough time (all else equal).