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Please help. I don't understand how to get the formula 1. There is a 12.5% reserve requirement. Suppose the fed prints $2,000,000 which gets deposited
Please help. I don't understand how to get the formula
1. There is a 12.5% reserve requirement. Suppose the fed prints $2,000,000 which gets deposited into Bank A. Bank A loans the money which gets deposited into Bank B. Bank B loans the money, etc.
a. Download the excel table titled "Assignment7Table" and fill in the table and submit the excel file with your answer document.
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