Business, 20.11.2021 09:00 igtguith

Assume $1,000 is deposited in a checkable account by Mr. X in Bank A. Assume further that the reserve requirement is 0.20. The total amount of money which can be created by this excess reserve at Bank A is $ .

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Assume $1,000 is deposited in a checkable account by Mr. X in Bank A. Assume further that the reserv...

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