Asked by Nessie
-If you had $1000, which interest rate (4% or 1%) would encourage you to save your money in a bank rather than spend it? Why?
Answers
Answered by
Nessie
Suppose the RRR is 0.10. Use the money multiplier formula to determine by how a $3,000 checking
account deposit will increase the money supply.
account deposit will increase the money supply.
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