uppose banks hold no excess reserves, and R = 10%. Further assume that you receive a check for $9,000, which you deposit at your bank. It follows that your bank will be able to lend out $8,100. Don't copy paste answer please      your bank’s assets and liabilities both increase by $9,000.      None of the answers are correct.      All of the answers are correct.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 6SQP
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Suppose banks hold no excess reserves, and R = 10%. Further assume that you receive a check for $9,000, which you deposit at your bank. It follows that

your bank will be able to lend out $8,100.

Don't copy paste answer please

 

  

your bank’s assets and liabilities both increase by $9,000.

 

  

None of the answers are correct.

 

  

All of the answers are correct.

 

  

your bank’s required reserves increase by $900.

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