Given the target reserve ratios, amounts of reserves and deposits shown in the table below, complete column 4 showing the amounts by which the deposits could increase (all dollar figures in billions). (1) Target Reserve Ratio (2) Reserves ($billion) (3) Deposits ($billion) (4) Maximum Increase in Deposits ($billion) a. 6 30 450

Given the target reserve ratios, amounts of reserves and deposits shown in the table below, complete column 4 showing the amounts by which the deposits could increase (all dollar figures in billions). (1) Target Reserve Ratio (2) Reserves ($billion) (3) Deposits ($billion) (4) Maximum Increase in Deposits ($billion) a. 6 30 450

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section12.3: How Banking Developed

Problem 3ST

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