Suppose Dennis deposits $750 that he found floating down to the earth from the sky into the financial system.

Published by admin at September 27, 2023

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Suppose Dennis deposits $750 that he found floating down to the earth from the sky into the financial system. Assuming a 25% reserve ratio, that all banks lend all excess reserves, and that all loans are redeposited into the banking system, how much money will be created by Dennis’s act?

Suppose Dennis deposits $750 that he found floating down to the earth from the sky into the financial system.

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