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    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 05 May 2017 My Price 9.00

Humongous Bank is the only bank in the economy.

Humongous Bank is the only bank in the economy. The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank.

a. Humongous Bank decides on a policy of holding 100% reserves. Draw a T-account for the bank.

b. Humongous Bank is required to hold 5% of its existing $20 million as reserves, and to loan out the rest. Draw a T-account for the bank after this first round of loans has been made.

c. Assume that Humongous bank is part of a multibank system. How much will money supply increase with that original loan of $19 million?

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Status NEW Posted 05 May 2017 01:05 PM My Price 9.00

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