Refer to the information below, after a deposit of $10 billion of new currency into a chequing account in the banking system, the maximum amount by which the chartered banking system can expand the supply of money is: Consolidated balance sheet for the chartered banking system. Assume the desired reserve ratio is 10 percent. All figures are in billions. 
A) $9 billion.
B) $45 billion.
C) $36 billion.
D) $90 billion.
Correct Answer:
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