Multiple Choice
Assume First Central Bank has a desired reserve ratio of 15 percent;$80,000 in total deposits,loans equal to $60,000,and has $20,000 in actual reserves.First Central can make additional loans totaling
A) $8,000.
B) $12,000.
C) $20,000.
D) $60,000.
E) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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