Multiple Choice
A bank has a 10 percent reserve requirement, $36,000 in loans, and has loaned out all it can, given the reserve requirement.
A) It has $3,600 in deposits.
B) It has $32,400 in deposits.
C) It has $39,600 in deposits.
D) It has $40,000 in deposits.
Correct Answer:
Verified
Correct Answer:
Verified
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