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 required reserve ratio?
A) 5%
B) 10%
C) 20%
D) 25%
Correct Answer:
Verified
Correct Answer:
Verified
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