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if the banking system has $500 of total reserves and a reserve requirement of 25 percent, the money supply can reach a maximum of

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AmishaSrivastava

If the banking system has $500 of total reserves and a reserve requirement of 25 percent, the money supply can reach a maximum of $2,000

What is banking ?

  • Banking is the business of protecting other people's money.
  • Banks lend out this money, generating interest that benefits the bank and its customers.
  • A bank is a financial institution authorized to accept deposits and make loans.
  • However, other financial services can also be provided.
  • A bank is a financial institution authorized to accept deposits and make loans.
  • There are following  different types of banks  as retail banks, commercial banks, and investment banks.
  • In many countries, banks are regulated by governments.
  • The top five banking services are checking and savings accounts, credit and mortgage services, wealth management, credit and debit card offerings, and overdraft services.
  • Under the  banking and finance umbrella, the industry includes consumer-centric commercial banks, such as Bank of America, and central banks, government agencies that regulate the industry and control monetary policy.

to learn more about banking  from the given link :

https://brainly.com/question/14042269

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