In December 1994, a man in Ohio decided to deposit all of the 8 million pennies he
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In December 1994, a man in Ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 10 percent, how did his deposit change the lending capacity of L03, L04
(a) His bank?
(b) The banking system?
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Afiya Hongal
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