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Business, 18.12.2019 19:31 rrnr

While jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. not knowing how to return it, jon keeps the money and deposits it in his bank. (no one in this economy holds currency.) lfthe bank keeps 5 percent ofits money in reserves: a. how mud'i money can the bank initially lend out? b. after this initial transaction, by how much is the money in the economy changed? q what’s the money multiplier? d how much money will eventually be created bythe banking system from jon's $100?

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