9 - million. This would mean there is now 32.4 million...

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Homework #9 Test yourself 1. After the first person puts it in the bank the bank holds on to 10% but gives out 90% So the bank holds on to 1.2 million while they loan out 10.8 million. The next person puts it in the bank and the bank keeps 1.08 million while they loan out 9.72
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Unformatted text preview: million. This would mean there is now 32.4 million instead of the initial 12 million, this process continues on and on....
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