Question: Base your answers on the Excel spread sheet that I attached to assignment 3. Calculations based on two decimal places and twelve iterations of the

Base your answers on the Excel spread sheet that I attached to assignment 3. Calculations based on two decimal places and twelve iterations of the loan-deposit-reserve process. When the initial open market purchase is $500 and the reserve requirement is 10%, reserves in the banking system increases by $343.09. (allow for a discrepancy of + or - $100 between your answer and my answer

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