If a bank has required reserves of $27,000,000,excess reserves of $41,000,000,and deposits of $90,000,000 with a required reserve ratio of 30 percent,how much can the bank lend out?
A) $8,100,000
B) $27,000,000
C) $41,000,000
D) $90,000,000
E) $117,000,000
Correct Answer:
Verified
Q91: Mena receives a $1,000 check from her
Q92: Sayed receives a bonus check from his
Q93: If a bank has a required reserve
Q94: If a bank has a required reserve
Q95: If a bank has a required reserve
Q97: Suppose that the Bank of Apples has
Q98: What effect does a bank's decision to
Q99: Suppose that the Bank of Bananas has
Q100: If a bank that faces a 25
Q101: To decrease the money supply,the Federal Reserve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents