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Business, 21.03.2020 10:32 briana21092005
A. A banking system has a reserve ratio equal to 15%. For every $100 deposited into the banking system, the bank is required to keep 2 at least $ on reserve and can therefore lend no more than $
Instructions: Enter a whole number in each box above.
b. For this banking system, the money multiplier is equal to-.meaning that $100 of cash deposited into the banking system 4 points can be turned into $of deposits through the money creation process.
Instructions: Enter a number rounded to two decimal places in each box above.
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