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poizon [28]
4 years ago
6

Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th

e money supply expand?
Business
1 answer:
natta225 [31]4 years ago
4 0
<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
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