在这种情况下，央行通过增加超额准备金，实际上等于将商业银行的负债货币化，从而增加货币流通量。
In this case the central bank - by increasing excess reserves - would DE facto monetize commercial bank liabilities and thus increase the outstanding stock of money.
最终，所有的银行合起来，就产生“超额”准备金，这样就出现存款放大。
As a result, all Banks taken together now have "excess" reserves on which deposit expansion can take place.
无论哪个银行接收，都会获得相同数量的准备金，其中的10%为“超额”。
Whichever banks receive them also acquire equal amounts ofreserves, of which all but 10 percent will be "excess."
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