Given a required reserve ratio of 10 percent for all banks, total bank reserves of $400 billion could support maximum deposits o
1 answer:
Answer:
The maximum deposit is $4,000 billion.
Step-by-step explanation:
Consider the provided information.
It is given that the required reserve ratio of 10 percent for all banks.
It is given that total bank reserves of $400 billion.
Let the maximum deposit is x.
Therefore, 10% of x = $400 billion
Hence, the maximum deposit is $4,000 billion.
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I hope this helped!
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