Suppose your mom sends you $500 for your birthday and you deposit it in your chequing account. The reserve ratio is 10%. If the bank decides to loan out the excess, based on this deposit the bank's...


Suppose your mom sends you $500 for your birthday and you deposit it in your chequing account. The reserve<br>ratio is 10%. If the bank decides to loan out the excess, based on this deposit the bank's loans have increased by<br>and the bank's chequable deposits have increased by<br>Select one:<br>a. $50; $450<br>b. $450; $500<br>c. $50; $500<br>d. $500; $50<br>

Extracted text: Suppose your mom sends you $500 for your birthday and you deposit it in your chequing account. The reserve ratio is 10%. If the bank decides to loan out the excess, based on this deposit the bank's loans have increased by and the bank's chequable deposits have increased by Select one: a. $50; $450 b. $450; $500 c. $50; $500 d. $500; $50

Jun 09, 2022
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