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ECONOMICS

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What will Happen in this Senerio?
If someone deposits $15,000.00 into a Bank and the required reserves is 15% what will be the total increase in checking account deposits in the banking system and what will be the maximum loans available to the public?

  • ECONOMICS -

    do a little research, then take a shot. What do you think?

    Hint. Be sure to read up on the money multiplier.

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