(Answered) Assuming a required reserve ratio of 10 on checking

Economics

Assuming a required reserve ratio of 10% on checking accounts, if I took $5,000 out of my mattress (that is where I keep my millions of spare change and cash) and put it into my checking account, what is the maximum impact on the supply of money in the country?

(Part of the answer could include an explanation of the "money multiplier.")

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Category:- Macroeconomics
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