更多机构，特别是银行，被允许做抵押贷款；此外，银行还可以借出比实际持有量更多的钱。
Many more institutions, especially banks, were allowed to lend money for mortgages, and what was more, banks could lend out more money than they actually held.
这允许银行可以短期借进，长期借出，从商业贷款更高的利率中获益。
That allows banks to borrow short and lend long; earning higher rates on loans to business.
因为银行会发现自己有多余的储备，将其循环借出，从而产生更多存款和贷款，所以最初增加的储蓄会翻好几倍。
The initial increase in deposits could be multiplied several times as banks find themselves with excess reserves, which they lend in successive rounds, producing yet more deposits and further loans.
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