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If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in reserves? a. What is the money multiplier? b. How large is the money supply created from these
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If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in

reserves?
a. What is the money multiplier?
b. How large is the money supply created from these deposits?

User Jong
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6.8k points

1 Answer

6 votes
It is A because I did this before
User Dvoutt
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