Attempts Keep the Highest / 2 12. The monetary multiplier Suppose that Jake makes a new cash deposit of $85,000 at his bank. Suppose that the bank is required only to keep new cash reserves equal to 25%. Then the maximum amount Jake's deposit will the money supply is $ Which of the following assumptions must hold to ensure that the money creation process initiated by Jake's deposit reaches its potential? Check all that apply. All banks in the banking system lend all of their excess reserves. Some borrowers spend only a fraction of the borrowed funds. All borrowers quickly spend all of their newly acquired funds. At least one bank in the banking system is conservative enough to keep some of its newly acquired cash deposits in its vault