Business, 07.04.2020 20:03, skittlesarebae6035

Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required reserve ratio of 10 percent. What is the maximum amount of money supply that can be created with this deposit if the Imperial Galactic Bank holds on to $100 of excess reserves (assume it is the only bank in the money supply process that holds on to excess reserves) and no one holds on to cash?

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Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required res...