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Consider the following balance sheet for Bank of America. Assets Liabilities Reserves 882 Deposits 2100 Loans 1218 Suppose that someone deposited $100 at Bank of
Consider the following balance sheet for Bank of America.
Assets
Liabilities
Reserves
882
Deposits
2100
Loans
1218
Suppose that someone deposited $100 at Bank of America.
Given this data, what is the minimum amount by which the money supply will increase?
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