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Business, 30.09.2019 16:30 Imanilh

Suppose that a lottery winner deposits $12 million in cash into her transactions account at the bank of america (b of
a. assume a reserve requirement of 20 percent, no loans, and no excess reserves in the banking system prior to this deposit.

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Suppose that a lottery winner deposits $12 million in cash into her transactions account at the bank...
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