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Answer to Question #225357 in Macroeconomics for Ama
Question #225357
KNK bank receives a cash deposit of GHS 1,000. Assuming there is no cash drain(cashless economy), and all reserves are pushed into loans
a. What is the maximum amount of money that can be created from the deposit?
b. What is the total increase in money supply with the bank?
Expert's answer
A)the maximum amount of money that can be created from the deposit will beGHS 1,000.
b) the total increase in money supply with the bank will be GHS 1,000.
This is because no additional information is added.
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