With a reserve requirement of 7.81% and an initial deposit of $2,840, the total amount of money that could be in the money supply is closest to   A.   $36,364.   B.   $25,480.   C.   $22,180.   D.   $3,062.

Essentials Of Investments
11th Edition
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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With a reserve requirement of 7.81% and an initial deposit of $2,840, the total amount of money that could be in the money supply is closest to

 

A.

 

$36,364.

 

B.

 

$25,480.

 

C.

 

$22,180.

 

D.

 

$3,062.

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