Suppose a Bank Has a 10 Percent Reserve Ratio,$3000 in Deposits,and

question 36

Multiple Choice

Suppose a bank has a 10 percent reserve ratio,$3000 in deposits,and it loans out all it can,given the reserve ratio.Which of the following describes the bank's assets?

• A) It has $30 in reserves and $2700 in loans.
• B) It has $30 in reserves and $2970 in loans.
• C) It has $300 in reserves and $2700 in loans.
• D) It has $300 in reserves and $3000 in loans.

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