Business, 05.12.2019 20:31 eburnhisel2023

The reserve requirements is 20% and leroy deposits his $1,000 check received as a graduation gift in his checking account. the bank does not want to hold excess reserves.
scenario: money creation. how much of the deposit is the bank required to keep in reserves? a. $1,000b. $100c. $200d. $800

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The reserve requirements is 20% and leroy deposits his $1,000 check received as a graduation gift in...

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