Business, 30.12.2019 23:31 melanyrivera776
After saving money in her piggy bank for three years, linda decided to deposit $5,000 of the money in the millertown bank. of the bank was fully loaned out prior to the deposit and the required reserve ratio was 20%, then the additional dollar value that millertown bank would loan out as a result of linda's deposit would be
a. $1,000.
b. $4,000.
Answers: 3
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After saving money in her piggy bank for three years, linda decided to deposit $5,000 of the money i...
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