Mathematics, 07.12.2020 05:10 ineedhelp2285

If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in reserves
What is the money multiplier?
How large is the money supply created from these deposits?

Answers: 2

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If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank mainta...

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If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in reserves What is the money multiplier? How large is the money supply created from these deposits?

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If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in reserves
What is the money multiplier?
How large is the money supply created from these deposits?