Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.

-Refer to the above data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:

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Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.
 
-Refer to the above data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:

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The Answer of Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.
 
-Refer to the above data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:

Use the Following Balance Sheet for the ABC National Bank