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Test: AP Macroeconomics
1. | At a particular bank, the reserve ratio is 10% and excess reserves are $300. The maximum expansion of the money supply that can be generated by that bank is ________. |
$3000
$30
$30,000
$300
Heberto
Certified Tutor
Certified Tutor
University of Colorado Boulder, Bachelor of Science, Economics. Harvard University, Master of Science, Public Policy Analysis.
Nicole
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College of St Benedict, Bachelor in Arts, Economics. University of South Florida-Main Campus, Master of Arts, Economics.
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