Multiple Choice
Suppose a bank's desired reserve ratio is 15 percent, and the bank acquires new deposits of $100,000.What is the maximum amount the bank can lend from these new deposits?
A) $15,000
B) $85,000
C) $100,000
D) $150,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: What is the Bank of Canada's most
Q3: Historically, what is the Bank of Canada's
Q4: In countries such as the United States,
Q5: Suppose a chartered bank's reserves increase by
Q6: Suppose the Bank of Canada buys $1,200
Q8: How could the Bank of Canada increase
Q9: Suppose that the desired reserve ratio is
Q10: Suppose a customer deposits $100 into her
Q11: Which of the following is NOT a
Q12: Suppose a bank has $6,000 in chequable