Pt 2

Pt 2

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Storyboard Text

  • Dub is then transported to the Bank, where he is introduced into the federal reserve system.
  • The reserve rate at this specific bank is 10% which means 10% of all deposits are kept in the bank.
  • At the bank, the money multiplier is applied, which is the maximum amount of commercial bank money that can be created by a given unit of central bank money.
  • The formula for the money multiplier= 1/reserve requirement
  • So eventually Rob comes to the bank and withdraws Dub from the bank. This begins the process of Velocity of Money.
  • The velocity of money refers to how fast money passes from one holder to the next
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