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Problem :   Suppose $ 890 of currency is in circulation. R 12% Suppose also that:    1- The borrower takes a loan from Bank 1    2- Then he deposits his loan at Bank 2   3- Finally the borrower of Bank 2 deposits his loan at Bank 3    Question: Determine the banks' impact on money supply.

Problem :   Suppose $ 890 of currency is in circulation. R 12% Suppose also that:    1- The borrower takes a loan from Bank 1    2- Then he deposits his loan at Bank 2   3- Finally the borrower of Bank 2 deposits his loan at Bank 3    Question: Determine the banks' impact on money supply.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Problem :

 

Suppose $ 890 of currency is in circulation. R 12% Suppose also that:

 

 1- The borrower takes a loan from Bank 1

 

 2- Then he deposits his loan at Bank 2

 

3- Finally the borrower of Bank 2 deposits his loan at Bank 3

 

 Question: Determine the banks' impact on money supply.

Problem : Suppose $ 890 of currency is in circulation. R 12% Suppose also that: 1- The borrower takes a loan from Bank 1 2- Then he deposits his loan at Bank 2 3- Finally the borrower of Bank 2 deposits his loan at Bank 3 Question Determine the banks' impact on money supply
Transcribed Image Text:Problem : Suppose $ 890 of currency is in circulation. R 12% Suppose also that: 1- The borrower takes a loan from Bank 1 2- Then he deposits his loan at Bank 2 3- Finally the borrower of Bank 2 deposits his loan at Bank 3 Question Determine the banks' impact on money supply
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