Question: Please help with this question.!! 1. Assuming that the following data describe the condition of the banking system: TotalReserves:$90 billion Transactionsdeposits:$900 billion Cash held bypublic:$100
Please help with this question.!!
1.
Assuming that the following data describe the condition of the banking system:
TotalReserves:$90 billion
Transactionsdeposits:$900 billion
Cash held bypublic:$100 billion
Given the reserve ratio, how large would the money supply be if the banks fully utilized their lending capacity?
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