If your bank receives a checkable deposit that results in $20,000 in excess reserves, and the banking system makes loans totaling $60,000, the maximum possible, then the money multiplier must be:
A) 2.
B) 3.
C) 3.5.
D) 4.

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The Answer of If your bank receives a checkable deposit that results in $20,000 in excess reserves, and the banking system makes loans totaling $60,000, the maximum possible, then the money multiplier must be:
A) 2.
B) 3.
C) 3.5.
D) 4.

If Your Bank Receives a Checkable Deposit That Results in $20,000