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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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