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If a bank has excess reserves of $150,000 is required to keep 10% in reserves, how much money can be generated by the excess reserves?

If a bank has excess reserves of $150,000 is required to keep 10% in reserves, how much money can be generated by the excess reserves?

What are the three functions of money? Which function is the most important?

If the money multiplier is 10, what is the reserve requirement?

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