Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 4 percent, then the bank can make a maximum loan of

A) $0. B) $4 million. C) $6 million. D) $10 million.

C

Economics

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Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?

A) The G-4 B) The Business Cycle Dating Committee C) The Business Cycle Governors D) The Turning Point Group

Economics

The Bureau of Economic Analysis releases its first estimate of GDP for a particular quarter about a month after the quarter has ended, and continues to release revised GDP estimates for that quarter for

A) three additional months. B) the next 15 months. C) three years. D) more than three years.

Economics