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 $G (the total new required reserves) ?
A) $1,000
B) $4,000
C) $5,000
D) $6,000
Correct Answer:

Verified
Correct Answer:
Verified
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