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Suppose Bank ABC and all other banks in a financial system have a target reserve ratio of 5.0%. Assume there is no cash (currency) drain.
Suppose Bank ABC and all other banks in a financial system have a target reserve ratio of 5.0%. Assume there is no cash (currency) drain. If Bank ABC receives a new deposit of $ 20.0 billion in currency, this deposit will ultimately increase the money supply expressed in billions and rounded to the nearest decimal points by
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Auditing Integrated Concepts And Procedures
Authors: Donald H. Taylor, G. William Glezen
5th Edition
0471524239, 978-0471524236
