Suppose the required reserve ratio is equal to 1.75%, and a customer deposited $300into a checking account

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Suppose the required reserve ratio is equal to 1.75%, and a customer deposited $300into a checking account at Bank of America.What is the maximum amount of money Bank of America can create out of the initial amount of $300?

Posted Date: Jul 02, 2024 05:29 AM

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Suppose the required reserve ratio is equal to 1.75%, and a customer deposited $300into a checking account

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