Given a required reserve ratio of 20 percent for all banks, total bank reserves of $300 billion could support maximum deposits of:
A) $60 billion.
B) $1,200 billion.
C) $1,500 billion.
D) $2,000 billion.
Correct Answer:
Verified
Q124: Real assets are created by:
A)government intervention.
B)real economic
Q125: Suppose the banking system has $100,000 in
Q126: Suppose the required reserve ratio is 0.15.
Q127: Excess reserves equal:
A)total deposits.
B)total deposits minus required
Q128: The reason why the banking system can
Q130: Given a required reserve ratio of 10
Q131: If people hold onto money as cash
Q132: Suppose the banking system has $100,000 in
Q133: The amount of reserves in the economy
Q134: What is exchanged in the financial sector?
A)Money
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