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complete money creation

The multiple expansion of bank deposits usually requires how many banks for complete money creation?

A) 1
B) 3
C) 5
D) 10
E) there is no limit to the number of banks that can be involved in this process.

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E) there is no limit to the number of banks that can be involved in this process.
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<br>This is shown in the following example:
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<br>Deposit ...

Solution Summary

Determine complete money creation.

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