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On a Certain Date,the Banking System Had $2 Billion in Excess

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On a certain date,the banking system had $2 billion in excess reserves.The desired reserve ratio was 12.5 percent.If these funds were fully loaned out,how much could the banking system as a whole potentially increase the money supply by?

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Definitions:

Employment Equity

A policy or practice aimed at achieving a diverse and inclusive workforce by removing barriers and discriminating practices that affect designated groups.

Special Measures

Actions or policies implemented to correct imbalances or support groups that are disadvantaged within the workplace or society.

Reasonable Accommodation

Adjustments or modifications to a job or work environment that enable a qualified individual with a disability to participate in the job application process or to perform essential job functions.

Employment Equity

Policies and practices aimed at achieving equal employment opportunities for all, particularly for historically disadvantaged groups.

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