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Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $240,000 $19,200 220,800 Loans Refer to table 2. If a customer deposits an additional $5,000 into his account at the Bank of Duluth, banks keep no excess reserves and agents hold no currency in their hands, then the money supply will increase by

Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $240,000 $19,200 220,800 Loans Refer to table 2. If a customer deposits an additional $5,000 into his account at the Bank of Duluth, banks keep no excess reserves and agents hold no currency in their hands, then the money supply will increase by

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $19.200 $240,000 Loans 220,800 Refer to table 2. If a customer deposits an additional $5,000 into his account at the Bank of Duluth, banks keep no excess reserves and agents hold no currency in their hands, then the money supply will increase by $75,000 $62,500 $100,000 $50,000 Question 17
Transcribed Image Text:Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $19.200 $240,000 Loans 220,800 Refer to table 2. If a customer deposits an additional $5,000 into his account at the Bank of Duluth, banks keep no excess reserves and agents hold no currency in their hands, then the money supply will increase by $75,000 $62,500 $100,000 $50,000 Question 17
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