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    Macroeconomics Principles Applications
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    Exam 13: Money and the Banking System
  5. Question
    The Formula for an Infinite Sum Is 1 / (1
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The Formula for an Infinite Sum Is 1 / (1

Question 135

Question 135

True/False

The formula for an infinite sum is 1 / (1 - b), where b = (1 - reserve ratio).

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