5. If the required reserve ratio is 10% and there is an initial deposit of $600,...

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5. If the required reserve ratio is 10% and there is an initial deposit of $600,...

5. If the required reserve ratio is 10% and there is an initial deposit of $600, using the simple money multiplier, what is the maximum money created?

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Answer 1

Answer #1

Here 9 oneey mulhplier = (mm) Refeierako bor/ [ree = 10 Merey Supply - MMx Depost = px6oo | Maxime Money = $6000

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Answer 2

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