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Problems
Problem 1.1:
What is the major service provided by banks?
[Solution]Problem 1.2:
What happens when you deposit money in a bank?
[Solution]Problem 1.3:
How do banks earn money?
[Solution]Problem 1.4:
Explain the advantage of fractional reserve banking.
[Solution]Problem 1.5:
What is the change in the money supply created by an initial deposit of $2000 if
the reserve requirement is 20%?
[Solution] |
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