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You decide to take $500 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent,

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You decide to take $500 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, by how much can your $500 increase the amount of money in the economy? Instructions: Round your answer to the nearest dollar. $|:| You decide to take $300 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, by how much will your $300 increase the amount of money in the economy? Instructions: Round your answer to the nearest dollar. $:| Suppose you live in a country perfect for growing tulips and governed by King Balthazar, who proposes that you use the tulips for your currency. After all, says Balthazar, they are widely accepted in the community, they've been valuable for years, and are highly portable. If you were Elalthazar's economic advisor, which arguments from the list below would you use? Instructions: You may select more than one answer. Click the box with a check mark for correct answers, and click to empty the box for the wrong answers. Tulips will not make for good money because their value is not stable. Tulips will not make for good money because they are grown in the country. Tulips will not make for good money because they are fragile and perishable. Tulips will not make for good money because they are not convenient. Tulips will make for good money because they are grown in the country and are readily available. Tulips will make for good money because everyone can get access to them. Tulips will make for good money because they can be conveniently stored

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