Business, 30.11.2020 17:40 smuqtadir124
Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25%. Which is the maximum expansion of the money supply possible from the original deposit?
a. $2,000
b. $4,000
c. $6,000
d. $8,000
Answers: 2
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Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. T...
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