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schweet schweet
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A year ago
Banks and the Creation of Money

Suppose you deposit $1000 of currency into your checking account at your bank and the required reserve ratio (RR) is 10%. As a result of your deposit, your bank can make a maximum loan of ________.

▸ $100

▸ $10,000

▸ $1000

▸ $900
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Hollywood1971Hollywood1971
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A year ago
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Brilliant
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Thanks for your help!!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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