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State the combined quantity of money all the banks in multi-bank banking system will be able to create, if one bank is capable of creating
- State the combined quantity of money all the banks in multi-bank banking system will be able to create, if one bank is capable of creating money a quantity of money equal to the size of the Excess Reserves.
The combined quantity of money that can created by all the banks in a multi-bank banking system will equal
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
