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Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
Edition 11ISBN: 978-1111526207Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
Edition 11ISBN: 978-1111526207 Exercise 2
It is said that financial institutions use a process called deposit expansion to "create" money when they make loans to firms and individuals. Explain what this means.
Explanation
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Financial institutions use deposit expan...
Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
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