Someone deposits $50,000 in her checking account. Prior to her deposit she was the only person in the US that held cash. All banks in the US are indentical and hold 2% of their checking deposits as excess reserves. If the balance sheet shows assets reserves $1,500,000, loans $14,000,000 and liabilities checking deposit $15,000,000 and networth is $500,000. How much did the money stock roughly equal 1 change as a result of her deposit. .

1. Someone deposits $50,000 in her checking account. Prior to her deposit she was the
only person in the US that held cash. All banks in the US are indentical and hold 2% of
their checking deposits as excess reserves. If the balance sheet shows assets reserves
$1,500,000, loans $14,000,000 and liabilities checking deposit $15,000,000 and
networth is $500,000. How much did the money stock roughly equal 1 change as a
result of her deposit.