Business
Business, 25.07.2020 22:01, GreenHerbz206

Suppose r = 10 percent and the Fed creates $20,000 in new money that is deposited in someone’s checking account in a bank. What is the maximum change in the money supply as a result? Show your work.

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Suppose r = 10 percent and the Fed creates $20,000 in new money that is deposited in someone’s check...

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