24. Assume that the reserve requirement is 20 percent, but banks voluntarilykeep some excess reserves. A $1 million increase in new reserves will result in *An increase in the money supply of $5 millionAn increase in the money supply of less than $5 millionA decrease in the money supply of $5 millionA decrease in the money supply of $1 millionTOSHIBA Use the following balance sheet for the ABC National Bank in answering thenext question(s). Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves $ 27,000 Demand deposits $110,000Loans50,000Capital stock200,000Securities 33,000Property 200,00022. This bank can safely expand its loans bva maximum of

The economies around the globe are involved in various economic, as well as financial activities.…

24. Assume that the reserve requirement is 20 percent, but banks voluntarily keep some excess reserves. A $1 million increase in new reserves will result in An increase in the money supply of $5 million OAn increase in the money supply of less than $5 million A decrease in the money supply of $5 million A decrease in the money supply of $1 million