In December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 12.5 percent, what will be the cumulative change for the banking system in Instructions: Enter your responses rounded to the nearest whole number?
(a) Transactions deposits?
(b) Total Results?
(c) Lending Capacity?