Table 29-4 -Refer to Table 29-4.Assume That All Other Banks Hold Only

question 116

Multiple Choice

Table 29-4

-Refer to Table 29-4.Assume that all other banks hold only the required 5 percent of deposits as reserves and that people hold only deposits and no currency.If the Bank of Tampa decides to hold exactly 5% reserves,by how much would the economy's money supply increase?

• A)$500
• B)$1,000
• C)$1,500
• D)$2,000

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