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07-04-2017
Social Studies

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After saving money in her piggy bank for three years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If the bank were fully loaned out and the reserve requirement was 20%, then the change in the dollar value of the total money supply would be...

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blackflame956 blackflame956

07-04-2017

I believe its 4,000 because the bank lends the cash in hand 20% is 1,000 to anyone who needs a lone so it produces the amount you actually have in tour account

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