You decide to take $600 out of your piggy bank at home and place it in the bank. if the reserve requirement is 2 percent, how much can your $600 increase the amount of money in the economy? instructions: round your answer to the nearest dollar. $

To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
                                  ($600) x (0.02) = $12
Hence, your $600 will increase the amount of money in the economy by $12.