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If a bank receives an initial deposit of $1,000,000, and faces a reserve requirement of 20%, How much must the bank hold in required reserves?
If a bank receives an initial deposit of $1,000,000, and faces a reserve requirement of 20%,
- How much must the bank hold in required reserves?
- How much will the bank have available in excess reserves?
- How much is the resulting potential increase in the money supply?
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The Economic Consequences Of The Peace
Authors: John Maynard Keynes
1st Edition
1420905856, 9781420905854
