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tudanglong tudanglong
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2 years ago
Reserves, Deposits and the Money Multiplier

Suppose you deposit $8000 of currency into your checking account at your bank and the required reserve ratio (RR) is 2%. As a result of your deposit, checking account deposits in the banking system as a whole (including your original deposit) could eventually increase up to a maximum of ________.

▸ $8000

▸ $400,000

▸ $7840

▸ $200,000
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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kady_kelsey2kady_kelsey2
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2 years ago
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tudanglong Author
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2 years ago
Smart ... Thanks!
Starfiew
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Yesterday
Thanks for your help!!
elizabetheldrid
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2 hours ago
You make an excellent tutor!
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