If a bank currently has $10,000 Excess Reserves, $20,000 Required Reserves, and $30,000 Actual Reserves. What is the maximum amount of loans the bank could make? Multiple Choice $30,000 - up to its Actual Reserves $20,000 - up to its Required Reserves $10,000 - up to its Excess Reserves
If a bank currently has $10,000 Excess Reserves, $20,000 Required Reserves, and $30,000 Actual Reserves. What is the maximum amount of loans the bank could make? Multiple Choice $30,000 - up to its Actual Reserves $20,000 - up to its Required Reserves $10,000 - up to its Excess Reserves
Chapter25: Money Creation
Section: Chapter Questions
Problem 18SQ
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If a bank currently has $10,000
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