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Business, 31.10.2021 02:40 dedgefield

While Jon is walking to school one morning, a helicopter flying overhead drops a $20 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank. (No one in this economy holds currency.) If the bank keeps 20 percent of its money in reserves: a. How much money can the bank initially lend out

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While Jon is walking to school one morning, a helicopter flying overhead drops a $20 bill. Not knowi...

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