Multiple Choice
The following table shows a T-account for Bank A in a new economy.
-Refer to the table above.If the reserve ratio remains the same and deposits increase by 16 percent,how much can the bank increase its loans by?
A) 5 percent
B) 12 percent
C) 24 percent
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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