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Suppose the banking system has checkable deposits of $100 million and total reserves of $30 million. If the reserve requirement is 20 percent, the banking system can expand the money supply by a maximum of
A) $6 million.
B) $70 million.
C) $50 million.
D) $10 million.
E) $100 million.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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Retnec Author
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7 years ago
Thanksss
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