Suppose you land your first job with Columbia Records in New York City and, after your first week at work, you deposit $100 in your checking account at Chase Manhattan Bank. If the reserve requirement is 10 percent, show how your $100 deposit can create money. Illustrate the process by filling in the missing data for the cells through 5 stages in the following table.

Transcribed Image Text:

DEMAND DEPOSIT BANK LOANS CHASE MANHATTAN CHEMICAL BANK HANOVER TRUST CITIBANK 1ST NATIONAL $100 BANK OF NY