-The Above Table Gives the Initial Balance Sheet for Mega

question 333

Multiple Choice

-The above table gives the initial balance sheet for Mega Bank. Barney comes into the bank and deposits $50 of currency into his checking account. The desired reserve ratio is 3 percent. After Barney's deposit, but before any other actions occur, what volume of loans will be made by MegaBank if the bank wants more profit and holds no excess reserves?

• A) $15.00
• B) $33.00
• C) $48.50
• D) $50.00

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