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Tuesday, August 28, 2012
The Money Creation Process
The reserve requirement is the proportion of deposits which the banking sector must keep as reserves to fulfil withdrawal needs. An original deposit of RM1,000 will enable the banking sector to increase deposits to a maximum amount of RM10,000 (i.e. RM1,000 divided by the reserve requirement of 0.10) through loan creation (i.e. money creation).
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