Assume that banks are able to lend out 80 cents on every dollar deposited.
Last week, Bank Economica received $9,000 in deposits.

Use this data to fill in the blanks below.
The reserve requirement is Blank 1.
The resulting money multiplier is Blank 2.
Blank 3 in new money can be created from the $9,000 deposit.
Consider that the Federal Reserve changes the reserve requirement to 10%. This will cause the money supply to Blank