Assets Liabilities + NetWorth
Reserves $60 Checkable Deposits $150
Loans 100 Stock Shares 13...
Business, 29.07.2020 19:01 jadenhoughton
Assets Liabilities + NetWorth
Reserves $60 Checkable Deposits $150
Loans 100 Stock Shares 135
Securities 25
Property 100
Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars. If commercial bankers decide to hold additional excess reserves equal to 7 percent of any newly acquired deposits, then the relevant monetary multiplier for this banking system will be:.
a) 5.26
b) 4.76
c) 6.66
d) 8.33
Answers: 2
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