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Assume the following information for the entire banking system: Required Reserves Ratio =8% Currency held outside of the banking system = 1,200 Deposits = 800b

Assume the following information for the entire banking system: Required Reserves Ratio =8% Currency held outside of the banking system = 1,200 Deposits = 800b The Money Supply equals None of these answers is correct 808b 800b 2,000b 1,200b

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