Engineering
Engineering, 10.12.2021 22:00, bsheepicornozj0gc

In December 1994, a man in Ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 20 percent, how did his deposit change the lending capacity of
a. his bank?
b. the banking system?

answer
Answers: 1

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In December 1994, a man in Ohio decided to deposit all of the 8 million pennies he had been saving f...

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