Use the following to answer the question below. Reserve Requirement Ratio 25.8% Initial Deposit $1 290 How much is the total change in deposits?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Use the following to answer the question below.
Reserve Requirement Ratio
25.8%
Initial Deposit
$1 290
How much is the total change in deposits?
a.
$6 000
D.
$7 441.86
O b.
$4 500
O C. 54 999.99
O d.
$6 000
D. $7 441.86
Transcribed Image Text:Use the following to answer the question below. Reserve Requirement Ratio 25.8% Initial Deposit $1 290 How much is the total change in deposits? a. $6 000 D. $7 441.86 O b. $4 500 O C. 54 999.99 O d. $6 000 D. $7 441.86
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