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Macmillan Learning You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves
Macmillan Learning You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves and there are no leaks in the banking system. That is, all money lent by banks gets deposited in the banking system. Round answers to the nearest dollar. I your If the reserve requirement is 12%, how much will your deposit increase the total value of checkable bank deposits? If the reserve requirement is 4%, how much will your deposit increase the total value of checkable deposits? $ Increasing the reserve requirement decreases the money supply. Incorrect Incorrect 3 9:36 PM 12/3/2023
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