Table 9-6: Deposit Expansion Stages

question 1

Multiple Choice

Table 9-6: Deposit Expansion Stages
In Table 9-6, assume that banks loan out 100% of their excess banking reserves, there are no cash withdrawals, and all loan proceeds are spent. Figures have been rounded up to the nearest whole number.
-Refer to Table 9-6. What is the value of $D in Stage 4 (round up to the nearest whole number) ?

• A) $82
• B) $102
• C) $128
• D) $160

---

Definitions:

Licensing Agreement

A contract in which one company (the licensor) grants permission to another company (the licensee) to use the licensor’s intellectual property in return for payment.

Ethical Decision

The process of choosing among alternatives in a manner consistent with ethical principles.

Forum Selection Clauses

Provisions in a contract that establish the jurisdiction or court in which disputes arising from the contract will be resolved.

Illinois Law

The body of state law, including statutes, regulations, and case law, governing legal matters within the state of Illinois.