Suppose the Banking System Has No Excess Reserves,a Reserve Requirement

question 330

Multiple Choice

Suppose the banking system has no excess reserves,a reserve requirement ratio of 10%,and $50 billion of required reserves.What is the total checkable deposits in the banking system?

• A)$50 billion
• B)$500 billion
• C)$450 billion
• D)$550 billion
• E)$650 billion

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