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ASSUME A SIMPLIFIED BANKING SYSTEM SUBJECT TO A 20 PER CENT MINIMUM LIQUIDITY REQUIREMENT IF THERE IS AN INITIAL INCREASE IN EXCESS RESERVES OF $100000

ASSUME A SIMPLIFIED BANKING SYSTEM SUBJECT TO A 20 PER CENT MINIMUM LIQUIDITY REQUIREMENT IF THERE IS AN INITIAL INCREASE IN EXCESS RESERVES OF $100000 THE MONEY SUPPLY

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