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Business, 16.12.2020 21:20 Homepage10

EXTRA CREDIT 2 POINTS: After a long days of selling delicious tacos at his city market stall, Juan deposits his earnings of $7,500 into his business
account at Fifth Third Bank. At the time of his deposit, the bank was under a
federal requirement to reserve 4% of all deposits.
Using the multiplier deposit formula, how much new money can be
redistributed in the economy from loans based on his deposit?

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