Business, 17.04.2020 04:19, huwoman

Suppose your grandmother sends you a $100 check for your birthday and you deposit it into your checking account at the local bank. The reserve ratio is 10%. Based upon this deposit, the bank's excess reserves have increased by _ and if the bank lends all excess reserves, the money supply could eventually grow by as much as _.

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Suppose your grandmother sends you a $100 check for your birthday and you deposit it into your check...