Multiple Choice
The following table is the consolidated balance sheet for the commercial banking system. All figures are in billions. Assume that the required reserve ratio is 10 percent: 
Refer to the above information. The maximum amount by which this commercial banking system can expand the supply of money by lending is:
A) $120,000 billion
B) $300,000 billion
C) $600,000 billion
D) $900,000 billion
Correct Answer:
Verified
Correct Answer:
Verified
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