Solution-Amount of new loans in the economy

Amount of new loans in the economy

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Person X uses his 10,000 to pay back a loan to bank. $ 8,000 for the loan itself and $ 2,000 for interest. Ultimately, what will be the amount of new loans in the economy after this payment.

Reference no: EM131160875

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Amount of new loans in the economy

Reference no: EM131160875

Reference no: EM131160875

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