Consider the Following T-Account for National City Bank If the Required Reserve Ratio Is Lowered to 8 Percent,how
Consider the following T-account for National City Bank:
If the required reserve ratio is lowered to 8 percent,how much can National City loan out?
A) $10,000
B) $8,000
C) $2,000
D) $0
Correct Answer:
Verified
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A)required reserves
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A)short-term borrowing.
B)long-term
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