Suppose your grandma sends you $100 for your birthday and you deposit it in your chequing account.The reserve ratio is 10%.Based upon this deposit,the bank's reserves have increased by _____ and the bank's chequable deposits have increased by _____.
A) $100;$100
B) $100;$90
C) $90;$100
D) $10;$100
Correct Answer:
Verified
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