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23. Explain how commercial banks create money and what transactions lead to money creation. Discuss the impact on our financial system of a new 100,000

23. Explain how commercial banks create money and what transactions lead to money creation. Discuss the impact on our financial system of a new 100,000 deposit (assuming a 10% reserve requirement), and in theory, how much this deposit will expand the total money supply. Discuss the ledger entries, and how exactly money is created.

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