Business, 12.12.2019 21:31, johnthecool282
While jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. not knowing how to return it, jon keeps the money and deposits it in his bank. (no one in this economy holds currency.) if the bank keeps 5 percent of its money in reserves:
a. how much money can the bank now lend out?
b. after this initial transaction, by how much is the money in the economy changed?
c. what’s the money multiplier?
d. how much money will eventually be created by the banking system from jon’s $100?
Answers: 2
Business, 21.06.2019 13:30, argarcia255
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Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a
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Business, 22.06.2019 09:40, ameliaduxha7
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Answers: 3
While jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. not know...
Mathematics, 23.03.2020 18:31