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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 22
A single commercial bank in a multibank banking system can lend only an amount equal to its initial preloan _________________.
A) Total reserves.
B) Excess reserves.
C) Total deposits.
D) Excess deposits.
A) Total reserves.
B) Excess reserves.
C) Total deposits.
D) Excess deposits.
Explanation
Verified
Verified
Hence, the correct answer is b. Excess r...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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