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Consider the following balance sheet for US Bank.

AssetsLiabilities
Reserves897Deposits2300
Loans1403

Suppose that US Bank is a typical bank and keeps only the required reserves. Given this data, what is the money multiplier?

Hint

Consider the following balance sheet for Citi.

AssetsLiabilities
Reserves176Deposits1600
Loans1424

Suppose that Citi is a typical bank and keeps only the required reserves. In addition, suppose that someone deposited $300.

Given this data, what is the total change in the M1 Money Supply?

Hint

Consider the following balance sheet for TD Bank.

AssetsLiabilities
Reserves209Deposits1900
Loans1691

Suppose that someone deposited $300 at TD Bank.

Given this data, what is the maximum amount by which the money supply will increase?

Hint

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