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Sergeeva-Olga [200]
3 years ago
7

Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created

as a result?
Business
1 answer:
Elan Coil [88]3 years ago
6 0

Answer:

$2666.67

Explanation:

Extra money supply  = 400*(1/15%)

                             = 400 * 6.6667

                             = $2666.67

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