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<p>[QUOTE="fatima, post: 1313856, member: 22143"]<span style="color: #000000"><u></u></span></p><p><span style="color: #000000"><u></u></span>This definition is incorrect. A bank can loan out 9X it's reserves but not 9X the deposits in its accounts. There is a big difference. 9X its reserves means each subsequent loan on the base amount approaches $0. Money is created but it is limited. In your case, 9X deposits means that an infinite amount of money could be created by the deposit of just $1.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1313856, member: 22143"][COLOR=#000000][U] [/u][/COLOR][U][/U]This definition is incorrect. A bank can loan out 9X it's reserves but not 9X the deposits in its accounts. There is a big difference. 9X its reserves means each subsequent loan on the base amount approaches $0. Money is created but it is limited. In your case, 9X deposits means that an infinite amount of money could be created by the deposit of just $1.[/QUOTE]
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