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Home Q & A Board Other Fields Homework Help Business Economics
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Mandolina Mandolina
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6 years ago
Suppose a company uses $50,000 in cash to open a checking account at a bank. If the bank faces a reserve requirement of 30 percent and had no excess reserves prior to the deposit, it could expand the money supply by a maximum of
A) $30,000.
B) $50,000.
C) $15,000.
D) $35,000.
E) more than $100,000.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
6 years ago
This business course was seriously killing me
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