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Business, 02.04.2021 04:20 andrew5182

Suppose a commercial banking system has $ 100,000 of outstanding checkable deposits and actual reserves of 40,000. If the reserve ratio is 0.4%, the banking system can expand the supply of money by a maximum of $ . (Put only numbers in your answer; do not put comma in your answer.)

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Suppose a commercial banking system has $ 100,000 of outstanding checkable deposits and actual reser...

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