How much new money is created in the entire banking system

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Reference no: EM133336665

Question: Listen If the Great Canadian Bank (GCB) has excess reserves of $12,500, and it maintains a target reserve ratio of 5%, how much new money is created in the entire banking system when the GCB lends out the full amount of its excess reserves? (Do NOT use dollar signs or commas or decimals or zeros after the decimals.)

Reference no: EM133336665

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