Business, 26.11.2019 04:31 janiewalker17

Suppose that the banking system currently has no excess reserves and that a bank receives a deposit into a checking account of $10,000 in currency. if the required reserve ratio is 0.20, what is the maximum amount that the banking system can lend out?

a. $8,000
b. $10,000
c. $40,000
d. $50,000

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Suppose that the banking system currently has no excess reserves and that a bank receives a deposit...

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