Equations 16-21 - How much money is created by $1? $1 x...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Equations 16-21 Chapter 16 How much money is created? Original deposit + any additional loan Money Multiplier = reciprocal of reserve ratio
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: How much money is created by $1? $1 x money multiplier -------------------------------------...
View Full Document

This note was uploaded on 07/03/2010 for the course ECON 201 taught by Professor Salehie during the Spring '08 term at University of Washington.

Ask a homework question - tutors are online