hallparker7156 hallparker7156

28-11-2019
Business

contestada

Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created as a result?

Respuesta :

sakhilemdletshesm sakhilemdletshesm

28-11-2019

Answer:

$2666.67

Explanation:

Extra money supply = 400*(1/15%)

= 400 * 6.6667

= $2666.67

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