eldeldenali2831 eldeldenali2831
  • 03-06-2023
  • Business
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The SIMPLICITY financial system is characterized by a required reserves ratio of 15%; initial excess reserves are 3,000,000 USD, and there are no currency or other leakages. The maximum amount of checkable deposits after deposit expansion is ____ USD and the money multiplier is ____ (round up to 2 decimal places).

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