Question: can you explain how banks create money based on this sheet Money Held in Reserve by Bank Money to Lend Total Supply Deposit $100.00 $10.00

 can you explain how banks create money based on this sheet

can you explain how banks create money based on this sheet

Money Held in Reserve by Bank Money to Lend Total Supply Deposit $100.00 $10.00 $90.00 $190.00 90.00 9.00 81.00 271.00 81.00 8.10 72.90 343.90 72.90 7.29 65.61 409.51 65.61 6.56 59.05 468.56

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!