Question
The economy of Atlantis expanded their money supply by $108,000,000, the target reserve ratio the banking system is 6%. Calculate the initial deposit that was
The economy of Atlantis expanded their money supply by $108,000,000, the target reserve ratio the banking system is 6%. Calculate the initial deposit that was necessary to expand the money supply by $108,000,000.
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The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
