Refer to the scenario above. After the implementation of the tax, Thomas's expenditure on wine will:

A rise in the exchange rate leads to a decrease in the quantity of dollars demanded

Indicate whether the statement is true or false

If the bank of Waterloo receives a $10,000 deposit and the reserve requirement is 10 percent, how much can the bank loan out? (Assume that before the deposit this bank is just meeting its legal reserve requirement.)

A) $1,000 B) $9,000 C) $10,000 D) $11,000