Multiple Choice
Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard.If the required reserve ratio is 10 percent,checking account deposits in the banking system as a whole could drop up to a maximum of
A) $0.
B) $50.
C) $500.
D) $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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