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natita [175]
3 years ago
11

Assume that elliott deposits $1,000 in coins he collected into his checking account. the required reserve ratio for the banking

system is 10% and elliott's bank was fully loaned up prior to his deposit.
Business
1 answer:
Vitek1552 [10]3 years ago
5 0
 <span>money supply will increase : 1/0.1 x $1000 = $10,000. </span>
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