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if you deposit $5,000 cash, and your bank chooses to keep 10 percent of deposits as reserves, it can create A. $500 in new money.
if you deposit $5,000 cash, and your bank chooses to keep 10 percent of deposits as reserves, it can create
A. $500 in new money.
B. $5,000 in new money.
C. $4,000 in new money.
D. $4,500 in new money.
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Environmental Economics And Policy
Authors: Thomas H Tietenberg
5th Edition
0321348907, 9780321348906
