Table 9-6: Deposit Expansion Stages

Multiple Choice

Table 9-6: Deposit Expansion Stages
In Table 9-6, assume that banks loan out 100% of their excess banking reserves, there are no cash withdrawals, and all loan proceeds are spent. Figures have been rounded up to the nearest whole number.
-Refer to Table 9-6. What is the value of $D in Stage 4 (round up to the nearest whole number) ?

A) $82
B) $102
C) $128
D) $160