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Assume that Lucky Bank is required to hold 10% deposits as reserves, and there is a $3000 increase in demand deposits. Calculate the money multiplier. How many additional new demand deposits could

Assume that Lucky Bank is required to hold 10% deposits as reserves, and there is a $3000 increase in demand deposits.

Calculate the money multiplier.

How many additional new demand deposits could the $3,000 deposit support? 

Apr 19 2021 View more View Less

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