question archive Q1: You take $1000 that you held as currency and put it into the banking system

Q1: You take $1000 that you held as currency and put it into the banking system

Subject:EconomicsPrice: Bought3

Q1: You take $1000 that you held as currency and put it into the banking system. The

reserve ratio is equal to 10%.

 

  1. Calculate the money multiplier.
  2. By how much will increase the total amount of deposits in the banking system?
  3. By how much will increase the money supply?

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