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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 4
A bank currently has $100,000 in checkable deposits and $15,000 in actual reserves. If the reserve ratio is 20 percent, the bank has _________ in money-creating potential. If the reserve ratio is 14 percent, the bank has ______________ in money-creating potential.
A) $20,000; $14,000.
B) $3,000; $2,100.
C) ?$5,000; $1,000.
D) $5,000; $1,000.
A) $20,000; $14,000.
B) $3,000; $2,100.
C) ?$5,000; $1,000.
D) $5,000; $1,000.
Explanation
Verified
Verified
Use the same approach for finding the mo...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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