Under required reserves of 20%, the maximum to which the money supply could be e

Question

Under required reserves of 20%, the maximum to which the money supply could be expanded by the banking system is: Answer four times a new primary deposit five times a new primary deposit six times a new primary deposit seven times a new primary deposit four times a new primary deposit five times a new primary deposit six times a new primary deposit seven times a new primary deposit four times a new primary deposit five times a new primary deposit six times a new primary deposit seven times a new primary deposit

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