Business, 03.09.2019 00:20 elrodkaitlynn2965

Answer the question on the basis of the following information about a banking system: new currency deposited in the system = $40 billion; legal reserve ratio = 0.20; excess reserves prior to the currency deposit = $0. refer to the information. with the $40 billion deposit, the banking system will be able to expand the money supply through loans by:

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Answer the question on the basis of the following information about a banking system: new currency...