Question
You win $10,000 in the state lottery, take $3,000 to pay bills, and deposit the rest in your savings account at Capital One Bank, which
You win $10,000 in the state lottery, take $3,000 to pay bills, and deposit the rest in your savings account at Capital One Bank, which has a 10% reserve requirement. How much of the new money can Capital One create from your deposit?
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Classics In Game Theory
Authors: Harold William Kuhn
1st Edition
1400829151, 9781400829156
