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Suppose banks have a reserve requirement of 10%. There is new deposit of $200 into the banking system. What would be the maximum amount of
Suppose banks have a reserve requirement of 10%. There is new deposit of $200 into the banking system. What would be the maximum amount of new loans that can be made from this new deposit of $200?
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The reserve requirement is the percentage of deposits that banks are required to ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
