Start with a $1000 deposit and assume a reserve requirement of 15%. Now trace the amount of

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Start with a $1000 deposit and assume a reserve requirement of 15%. Now trace the amount of money created by the banking system after five lending cycles.
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Business

ISBN: 978-0133354263

8th Canadian Edition

Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos

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