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Retnec Retnec
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Suppose the reserve requirement is 25 percent and that all banks are loaned up. If an additional $10,000 in currency is deposited in a checking account at some bank, the banking system will be able to expand loans and the money supply by $40,000.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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Retnec Author
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6 years ago
Thanksss
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