Business, 11.12.2019 01:31 caldonia2018
Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. if the bank lends the maximum amount of money allowed, then the checkable deposits (including the original deposit) increase by:
a. $1,000.
b. $20.
c. $500.
d. $100.
Answers: 1
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Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. if the bank...
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