M Matt New member Nov 30, 2010 #1 Waldo Miser digs up $100,000 cash and opens a checking account. The maximum eventual increase in bank deposits will be (assume banks keep 20 percent reserves)? a)$100,000 b)$120,000 c)$180,000 d)$500,000 e)none of the above
Waldo Miser digs up $100,000 cash and opens a checking account. The maximum eventual increase in bank deposits will be (assume banks keep 20 percent reserves)? a)$100,000 b)$120,000 c)$180,000 d)$500,000 e)none of the above
