Refer to the Information Provided in Scenario 10

Multiple Choice

Refer to the information provided in Scenario 10.2 below to answer the questions that follow.
SCENARIO 10.2: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up.
-Refer to Scenario 10.2. How much money will be created based on the initial $100,000 deposit?

A) $1 million
B) $2 million
C) $16.67 million
D) $50 million