Refer to the Information Below, After a Deposit of $10

question 129

Multiple Choice

Refer to the information below, after a deposit of $10 billion of new currency into a chequing account in the banking system, the maximum amount by which the chartered banking system can expand the supply of money is: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 10 percent.All figures are in billions.

• A)$9 billion.
• B)$45 billion.
• C)$36 billion.
• D)$90 billion.

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