suppose a commercial banking system has $300,000 of outstanding checkaable deposits and actual reserves of 30,000. If the reserve ratio is 0.1%, the banking system can expand the money supply by a maximum of $____

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: The Monetary System
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suppose a commercial banking system has $300,000 of outstanding checkaable deposits and actual reserves of 30,000. If the reserve ratio is 0.1%, the banking system can expand the money supply by a maximum of $____

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