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iris [78.8K]
3 years ago
14

If the reserve requirement is 10% and a bank receives a deposit of 5400 what would the money supply expand by?

Mathematics
1 answer:
madreJ [45]3 years ago
7 0
5400 x 10% = 540

5400 + 540 = 5940

It would expand by $540

@I don't know if I did this [email protected]
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