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12 February, 10:54

After saving money in her piggy bank for three years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If the bank were fully loaned out and the reserve requirement was 20%, then the change in the dollar value of the total money supply would be ...

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  1. 12 February, 13:03
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    I believe its 4,000 because the bank lends the cash in hand 20% is 1,000 to anyone who needs a lone so it produces the amount you actually have in tour account
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