Assume First Central Bank has a desired reserve ratio of 15 percent; $80,000 in total deposits, loans equal to $60,000, and has $20,000 in actual reserves. First Central can make additional loans totaling
A)$12,000.
B)$8,000.
C)$60,000.
D)$80,000.
E)$20,000.

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The Answer of Assume First Central Bank has a desired reserve ratio of 15 percent; $80,000 in total deposits, loans equal to $60,000, and has $20,000 in actual reserves. First Central can make additional loans totaling
A)$12,000.
B)$8,000.
C)$60,000.
D)$80,000.
E)$20,000.

Assume First Central Bank Has a Desired Reserve Ratio of 15