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ariel deposits $5,000 in joe's bank, and the reserve ratio is 10%. joe's bank then loans out the maximum amount possible. the total amount of the deposit and subsequent loan included in the money supply
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8 votes
8 votes
ariel deposits $5,000 in joe's bank, and the reserve ratio is 10%. joe's bank then loans out the maximum amount possible. the total amount of the deposit and subsequent loan included in the money supply is $ (not including any more loans made from deposits coming from the original loan).

User Leandronsp
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1 Answer

22 votes
22 votes

Answer:

9,500

Step-by-step explanation:

do some math bro

User HLP
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