document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=566784>Question 566784</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The SIMPLEX financial system is characterized by a required reserve ratio of 11 percent; initial excess reserves are $1 million, and there are no currency or other leakages. <BR>\n" );
document.write( "a. What would be the maximum amount of checkable deposits after deposit expansion, and what would be the money multiplier?<BR>\n" );
document.write( "b. How would your answer in (a) change if the reserve requirement had been 9 percent? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #366340 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=366340\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Again, you are asking accounting questions.  Go to an Accounting Homework Help site.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
document.write( "<div  DISABLED_style= \"text-align:center\"><a  rel=nofollow HREF=\"http://outcampaign.org/\" target=\"_blank\"><IMG STYLE=\"max-width:80%;\" src=\"http://cdn.cloudfiles.mosso.com/c116811/scarlet_A.png\" border=\"0\" alt=\"The Out Campaign: Scarlet Letter of Atheism\" width=\"143\" height=\"122\" /></a></div><BR>\n" );
document.write( "</font> </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );