Suppose the Excess Reserves in Toronto Dominion Bank Increase by $700.Given

question 88

Multiple Choice

Suppose the excess reserves in Toronto Dominion Bank increase by $700.Given a desired reserve ratio of 2.5% and no cash drain,the maximum change in deposits for the entire banking system would be

• A)$682.50.
• B)$700.00.
• C)$17 500.00.
• D)$28 000.00.
• E)$70 000.00.

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