Take the example of Silas depositing his $1,000 in cash into First Street Bank and
Chapter 0, Problem 4(choose chapter or problem)
Take the example of Silas depositing his $1,000 in cash into First Street Bank and assume that the required reserve ratio is 10%. But now assume that each recipient of a bank loan keeps half the loan in cash and deposits the rest. Trace out the resulting expansion in the money supply through at least three rounds of deposits.
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