According to the information, it can be inferred that the new money created is equivalent to $9,000.
<h3>How to calculate the money that has been created during Reagan's deposit?</h3>
To calculate the new money that has been created during the Reagan deposit we must perform the following mathematical procedure:
We multiply the deposit amount by 0.1
We subtract the result from the amount of money on the deposit.
We calculate the money multiplier.
Finally, we multiply the money value by the multiplier value.
Based on the above, $9,000 is to be created with Reagan's deposit.
Learn more about bank deposit in: brainly.com/question/2507231
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Answer:
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