How much money will eventually be created by the banking system from Jons $100?

While Jon is walking to school one morning a helicopter flying overhead drops a $100 bill. Not know Show more While Jon is walking to school one morning a helicopter flying overhead drops a $100 bill. Not knowing hot to return it Jon keeps the money and deposits it in his bank. If the bank keeps 5 percent of its money in reserves: How much money can the bank initially lend out? After this initial transaction by how much is the money in the economy changed? Whats the money multiplier? How much money will eventually be created by the banking system from Jons $100? show all work derive relevant formulas and clearly indicate & explain your results Show less

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