Use the Following to Answer Questions

question 407

Multiple Choice

Use the following to answer questions:
-(Table: Assets and Liabilities of the Banking System) Refer to Table: Assets and Liabilities of the Banking System.Suppose that the reserve ratio is 10% and the Bank of Canada buys $11 000 worth of Canadian Treasury bills from the banking system.If the banking system does NOT want to hold any excess reserves,_____ will be added to the money supply.

• A) about $667 000
• B) about 110 000
• C) $250 000
• D) $1 million

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