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In december 1994 a man in ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (his deposit weighed over 48,000 pounds! with a reserve requirement of 10 percent, what
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In december 1994 a man in ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (his deposit weighed over 48,000 pounds! with a reserve requirement of 10 percent, what will be the cumulative change for the banking system in: instructions: enter your responses rounded to the nearest whole number. (a transactions deposits? $ (b total reserves? $ (c lending capacity?

User Ljkyser
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If in December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years, then his transactions deposits will be $8,000,000, his total reserves will be all in all 8 million pennies.
User Rengers
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