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The required reserve ratio for jack's bank is 10 percent. if jack deposits $2,000 cash in his checking account, what is the maximum total increase in the money supply, afte…

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asked Jun 6, 2024 196k views

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The required reserve ratio for jack's bank is 10 percent. if jack deposits $2,000 cash in his checking account, what is the maximum total increase in the money supply, after all rounds of lending are completed?

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Grofit asked

by Grofit

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Answer: $20,000

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David George answered Jun 12, 2024

The required reserve ratio for jack's bank is 10 percent. if jack deposits $2,000 cash in his checking account, what is the maximum total increase in the money supply, afte…

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