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Suppose Bank of Canada issues $1000 in new currency, which gets deposited at Scotiabank. Assume the following sequence of events. What is the total change

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Suppose Bank of Canada issues $1000 in new currency, which gets deposited at Scotiabank. Assume the following sequence of events. What is the total change in money supply? Scotiabank (SB) has a reserve ratio of 10% > SB keeps $_as reserves, loans out $ to Ann. Ann deposits the loan at RBC. RBC has a reserve ratio of 10% > RBC keeps $ as reserves, loans out $ to Ben. Ben deposits the loan at Scotiabank. SB keeps $ as reserves, loans out $ to Carla. Carla deposits the loan at RBC. RBC keeps $ as reserves, loans out $ to Dan. Dan keeps the money in his wallet. Total change in money supply =

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