Multiple Choice
Refer to the information below.When the desired reserve ratio is 10 percent, the money creating potential of this single bank is: 
A) zero dollars.
B) $6,000
C) $30,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q171: If you deposit a $50 bill in
Q172: Banks create money when they:<br>A)allow loans to
Q173: The currency owned by chartered banks is
Q174: One major advantage of the medium of
Q175: The relative importance of various asset items
Q177: When we say that money serves as
Q178: Coins and paper money are:<br>A)debts of Chartered
Q179: Chartered banks create money in the form
Q180: A chartered bank's desired reserve can be
Q181: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the