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M11.7 Homework Answered The money supply is $4840 and currency in circulation is equal to bank reserves. If the reserve ratio is 10%, how much
M11.7 Homework Answered The money supply is $4840 and currency in circulation is equal to bank reserves. If the reserve ratio is 10%, how much is being held as reserves in the banking system? Remember to answer in dollars to two decimal places. S
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