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Business, 10.06.2020 21:57 cassidyhead27

The money creation process suppose first main street bank, second republic bank, and third fidelity bank all have zero excess reserves. the required reserve ratio is 10%. the federal reserve buys a government bond worth $500,000 from eric, a client of first main street bank. he deposits the money into his checking account at first main street bank.

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The money creation process suppose first main street bank, second republic bank, and third fidelity...
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