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

question 103

Multiple Choice

Suppose the excess reserves in Toronto Dominion Bank increase by $700.Given a target reserve ratio of 1.0% 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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United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

LDC

An acronym for Less Developed Country, referring to a nation with a lower level of industrialization and lower living standards.

Malawi

A landlocked country in southeastern Africa known for its diverse landscapes ranging from the Great Rift Valley to highlands and extensive lake Malawi.

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