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

User Andrei Boyanov
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1 Answer

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5400 x 10% = 540

5400 + 540 = 5940

It would expand by $540

@I don't know if I did this right@
User Chris Mitchell
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