Answer the question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent:
Refer to the above data. If the balance sheet was for the whole commercial banking system rather than a single bank, then loans and deposits could expand by a maximum of approximately:
A. $120,000
B. $213,333
C. $333,500
D. $415,373
B. $213,333
Economics
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Economics