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how much money is created when $8000 with a 20% reserve requirement?

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how much money is created when $8000 with a 20%...

assuming a bank only keeps enough of its reserve to meet its reserve requirement, how much money is created.

economic problems

asked Sep 25, 2013 in Other Math Topics by mary

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1 Answer

$8000*.20= $1600

answered Sep 25, 2013 by Skiplane Level 6 User (23.6k points)

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