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Use logarithms to solve the equation. Round your answer to four decimal places.
Regional Banks
Financial institutions that operate in a specific region of a country, typically offering a range of banking services to local communities.
Money Supply
The total amount of monetary assets available in an economy at any given time, including cash, bank deposits, and other liquid assets.
Time Deposits
Banking or financial products that require the depositor to leave funds untouched for a pre-specified period of time in exchange for a higher interest rate.
Money Multiplier
The ratio of the change in the total money supply to the change in the monetary base, indicating how an initial deposit can lead to a greater final increase in the total money supply.
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