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Business, 15.09.2021 14:00 cmariecarrizales

if in a in given economy the central bank has fixed the cash ratio at 0.4 and there is an initial deposit of 2000 Currency unit Commericial bank, trace the first four rounds of the money creation process using a schedule and hence deduce the total money created at the end of the process and the money multiplier​

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if in a in given economy the central bank has fixed the cash ratio at 0.4 and there is an initial de...
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