Answer Happy

WyoWeb → C Assessment - Principles of Max X G Suppose you win on a scratch- achieve.macmillanlearning.com/courses/ddc60593-e27a-4aa3-bbb3-94826b489628/4/ryfw9q/tools/assessment/items/68c5f2e2-2926-4c64-8d9e-728d67bbd5... (←) Assessment Assignment Score: Macmillan Higher Education X < Question 10 of 21 23.6% maximum increase: $ M Inbox (7,761) - graceroerick7Ⓒ X Resources - Give Up? Suppose you win on a scratch-off lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve requirement is 5%. What is the maximum possible increase in the money supply as a result of your bank deposit? Which events could cause the increase in the money supply to be less than its potential? All money loaned out is deposited back into the banking system. Banks decide to keep some excess reserves on hand. Some loan recipients choose to hold some cash instead of depositing all of it in banks. Banks choose loan out all excess reserves. Hint + * ■ G Check Answer ⠀ Ⓡ