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You decide to take $300 out of your piggy bank at home and place it in the bank. If the reserve requirement is 4 percent, how much can your $300 increase the amount of money in …

You decide to take $300 out of your piggy bank at home and place it in the bank. If the reserve requirement is 4 percent, how much can your $300 increase the amount of money in …
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You decide to take $300 out of your piggy bank at home and place it in the bank. If the reserve requirement is 4 percent, how much can your $300 increase the amount of money in the economy?

User Npdoty
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1 Answer

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300−(0.05×300)=285
..............
User Agstudy
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