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Business, 01.11.2019 01:31 granniejo

Scenario 25-2: money creation the reserve requirement is 20%, and leroy deposits his $1,000 check received as a graduation gift in his checking account. the bank does not want to hold excess reserves. use scenario 25-2. after the initial deposit, by how much did the monetary base change?

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Scenario 25-2: money creation the reserve requirement is 20%, and leroy deposits his $1,000 check r...

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