lyrikal5266 lyrikal5266

20-03-2020
Business

contestada

A bank has excess reserves of $1,000,000 and makes a new loan for $500,000. If the bank faces a 10% required reserve ratio, by how much will the money supply increase when the loan is made

Respuesta :

hamzafarooqi188 hamzafarooqi188

23-03-2020

Answer:

Money supply increase=500000/10%=5000000

Explanation:

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