If a bank has required reserves of $45,000,000,excess reserves of $12,000,000,and deposits of $90,000,000 with a required reserve ratio of 50%,how much can the bank lend out?
A) $12,000,000
B) $45,000,000
C) $57,000,000
D) $102,000,000
E) $147,000,000
Correct Answer:
Verified
Q75: When can a bank make loans?
A) when
Q77: If a bank has a required reserve
Q82: A bank can make loans when
A) excess
Q87: If a bank has a required reserve
Q89: Suppose that the Bank of Oranges has
Q90: Suppose that the Bank of Bananas has
Q91: If a bank has a required reserve
Q93: If a bank has required reserves of
Q94: You receive a bonus check from your
Q96: If a bank has a required reserve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents