If a bank had $200 million in demand deposits and faced a 40 percent reserve requirement, it would be required to hold ____ as required reserves and could have a total amount of loans issued up to ____

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
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If a bank had $200 million in demand deposits and faced a 40 percent reserve requirement, it would be required to hold ____ as required reserves and could have a total amount of loans issued up to ____.

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