Question
If a bank is allowed to lend a maximum of$480 on a new deposit of $500, then calculate the legal reserve requirement?
If a bank is allowed to lend a maximum of$480 on a new deposit of $500, then calculate the legal reserve requirement?
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
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