The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
Suppose a commercial banking system has $100 000 of outstanding demand deposits and actual reserves of $35 000. If the reserve ratio is 20%, the banking system can expand the supply of money by a maximum amount of:
Explain your answer.
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