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Tidy Tidy
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8 years ago
Suppose Warren Buffet withdraws $1 million from his checking account at Chase Manhattan Bank. If the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
A) -$5 million
B) -$4 million
C) -$200,000
D) $1 million
E) $5 million
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
Brilliant ツ
Smair87
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wyq2651
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2 hours ago
Thanks
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