Suppose that you deposit 15000 into your checking account, Business Economics

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Suppose that you deposit 15000 into your checking account

Suppose that you deposit $15,000 into your checking account deposit at Bank Y. Assume that the required reserve ratio is 25 percent.

a. what is the maximum increase in checking account deposits that can result from your $15,000 deposit?

b. What is the maximum increase in the money supply?

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Business Economics: Suppose that you deposit 15000 into your checking account

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