An article in the Wall Street Journal noted that for a small community bank in upstate New

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An article in the Wall Street Journal noted that for a small community bank in upstate New York, “only 42% of deposits were lent out, compared with 69% at Bank of America.” Does the fraction of their deposits that banks lend out have anything to do with the size of the money supply? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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