Assume First Central Bank Has a Desired Reserve Ratio of 15

question 132

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.

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