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shutvik [7]
2 years ago
13

Assume the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves. The

maximum amount of money which the banking system could create is: (round to the nearest number) g
Business
1 answer:
vovikov84 [41]2 years ago
6 0

Answer: $917 million

Explanation:

From the question, we are informed that the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves.

Based on the above analysis, the maximum amount of money which the banking system could create will be:

= $110,000,000/12%

= $110,000,000/0.12

= $ 917,000,000

= $917 million

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3 years ago
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3 years ago
$6000 is invested into 2 accounts at 8% and 7.5% and the total interest is $472.50 how much is invested at 8%?
djverab [1.8K]
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4 0
2 years ago
Your unique combination of attitudes, behaviors, and characteristics make up your _____. a. learning style b. self-concept c. pe
egoroff_w [7]

Answer:

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Answer on Edge2020

4 0
2 years ago
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Answer:

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3 0
3 years ago
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