Social Studies, 26.03.2020 01:46 matthi4687
Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The reserve ratio is 10%. Based upon this deposit, the bank's excess reserves have increased by and, if the bank lends all excess reserves, the money supply could eventually grow by as much as .
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Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking accoun...
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