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You take $300 you had kept under your mattress and deposit i

Paper help Economics You take $300 you had kept under your mattress and deposit i

Economics

You take $300 you had kept under your mattress and deposit i

You take $300 you had kept under your mattress and deposit it in your bank account. If this $300 st… Show more You take $300 you had kept under your mattress and deposit it in your bank account. If this $300 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in the banking system and money supply increase? If the required ratio is 5% now, does the money supply increase more or less? Explain your answers. • Show less

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