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Refer to the Information Provided in Scenario 10

question 84

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Refer to the information provided in Scenario 10.1 below to answer the questions that follow.
SCENARIO 10.1: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up. Refer to the information provided in Scenario 10.1 below to answer the questions that follow. SCENARIO 10.1: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up. -Refer to Scenario 10.1. Based on the initial $100,000 deposit, the money supply will, at most, expand to A) $1 million. B) $2 million. C) $16.67 million. D) $50 million.
-Refer to Scenario 10.1. Based on the initial $100,000 deposit, the money supply will, at most, expand to

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