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Suppose a commercial banking system had 300,000 of outstanding checkable deposits and actual reserves of 20,000. If the ratio is 0.1%, the banking system can
Suppose a commercial banking system had 300,000 of outstanding checkable deposits and actual reserves of 20,000. If the ratio is 0.1%, the banking system can expand the supply of money by maximum of $ ----_Can someone tell me how to solve that and explain please
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