Refer to the information below.The maximum amount by which the chartered banking system can expand the supply of money by lending is about: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions.
A)$27 billion.
B)$23.1 billion.
C)$30 billion.
D)$15 billion.

Question

Refer to the information below.The maximum amount by which the chartered banking system can expand the supply of money by lending is about: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions. 
A)$27 billion. 
B)$23.1 billion. 
C)$30 billion. 
D)$15 billion.

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The Answer of Refer to the information below.The maximum amount by which the chartered banking system can expand the supply of money by lending is about: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions. 
A)$27 billion. 
B)$23.1 billion. 
C)$30 billion. 
D)$15 billion.

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