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Increase in deposits
1/rr * Deposit
How many reserve banks are there?
12
How many committee members are there?
7
What is the Federal Reserve banks primary source of income
Open market operations
Reserves
Demand deposits - Loans
Required Reserves
Demand deposits * Required reserve percent
Change in Required Reserves
Demand deposits * new required reserve percent
Change in Excess reserves
Demand deposits - Required reserves
Change in Demand Deposits
Change in fresh reserves * money multiplier
Note 
Flashcard (22)