How did his deposit change lending capacity

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Reference no: EM131108011

In December 1994, a man in Ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 5 percent, how did his deposit change the lending capacity of: a. his bank? b. the banking system?

Reference no: EM131108011

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