Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Economics Posted 27 Jun 2018 My Price 2.00

Dennis's act

Suppose Dennis deposits $750 that he found floating down to the earth from the sky into the financial system. Assuming a 25% reserve ratio, that all banks lend all excess reserves, and that all loans are redeposited into the banking system, how much money will be created by Dennis's act?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Jun 2018 09:06 PM My Price 2.00

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