Business, 11.03.2021 03:40 Nerdymania

Suppose you win on a scratch-lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve requirement is 10%. What is the maximum possible increase in the money supply as a result of your bank deposit?

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Suppose you win on a scratch-lottery ticket and you decide to put all of your $3,500 winnings in the...

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