6. The monetary multiplier Suppose that Andrew makes a new cash deposit of $60,000 at his bank. Suppose that the bank is required only to keep new cash reserves equal to 10%. Then the maximum amount Andrew's deposit will increase the money supply is $ Which of the following assumptions must hold to ensure that the money creation process initiated by Andrew's deposit reaches its potential? Check all that apply. O The required reserve ratio exceeds 5%. Some borrowers spend only a fraction of the borrowed funds. O All borrowers quickly spend all of their newly acquired funds. O All banks in the banking system lend all of their excess reserves