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Champlain Bank has a reserve ratio of 10%, $1 million issued in deposits, and $100,000 in actual reserves. Enter your responses below rounded to a
Champlain Bank has a reserve ratio of 10%, $1 million issued in deposits, and $100,000 in actual reserves. Enter your responses below rounded to a whole number. a. The bank's initial desired reserves are $ and its initial excess reserves are $ b. If $15,000 in currency is deposited in the bank, its excess reserves become $ c. The money multiplier in this banking system is d. The final amount the money supply can change due to the process of money expansion in the banking system caused by Champlain Bank lending out its excess reserves is $
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