Lexis and structure: Choose the option that best completes the gap. Each of the players ___ a chance to participate in the tournament.

Explanation

Bank lending creates money. When bank lends, it creates deposit in borrowers account – new money exists that did not before. This expands money supply beyond physical cash.

Reserve requirement limits this: if banks must keep 10% reserves, ₦100 deposit enables ₦90 lending, which becomes deposit enabling ₦81 lending, etc. Money multiplier = 1/reserve ratio.

Central bank controls money supply through: reserve requirements, interest rates (higher rates reduce borrowing), open market operations (buying/selling securities). Too much money causes inflation.