Refer to the Information Below

question 50

Multiple Choice

Refer to the information below.The maximum amount by which the chartered banking system can expand the supply of money by lending is about:
Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions.

• A) $27 billion.
• B) $23.1 billion.
• C) $30 billion.
• D) $15 billion.

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