The formula for an infinite sum is 1 / (1 - b), where b = (1 - reserve ratio).

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The formula for an infinite sum is 1 / (1 - b), where b = (1 - reserve ratio).

The formula for an infinite sum is 1 / (1 - b), where b = (1 - reserve ratio).

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Textbook

Macroeconomics: Principles, Applications and Tools

Edition: 7^th

Authors: O'Sullivan, Sheffrin, Perez

Read 65 times

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