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1. assume the reserve requirement is 10%. first national bank receives a deposit
1. assume the reserve requirement is 10%. first national bank receives a deposit of $5,400. if there is no slippage, how much could the money supply expand? explain and show your work.
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Compose the result function for 400 by replacing the function designators with the actual functions 400
-2 1/3 - (- 10 1/6) =
- 7/3 + 61/6 =
-14/6 + 61/6 =
47/6or 7 5/6