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Business, 19.11.2019 20:31 izeahzapata1

The reserve requirement is 20%. leroy receives $1,000 as a graduation present and deposits the money in his checking account. the bank does not want to hold excess reserves. what is the maximum possible expansion in the money supply as a result of this initial deposit? a.$1,000b.$1,800c.54,000d.$5,000

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The reserve requirement is 20%. leroy receives $1,000 as a graduation present and deposits the money...
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