Multiple Choice
Suppose that a bank has $100 million in checkable deposits and the required reserve ratio is 0.1.If the bank has $5 million in excess reserves,then it would be able to lend out
A) $0
B) $5 million
C) $10 million
D) $15 million
E) $20 million
Correct Answer:
Verified
Correct Answer:
Verified
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