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Radda [10]
2 years ago
5

Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a

s a direct result of your deposit is Group of answer choices
Business
1 answer:
LuckyWell [14K]2 years ago
7 0

Answer:

the maximum loan could bank made as the direct result of the deposit is $1,800

Explanation:

The computation of the maximum loan could bank made as the direct result of the deposit is given below:

= Deposit amount × (1 - required reserve ratio)

= $2,000 × (1 - 0.10)

= $2,000 × 0.90

= $1,800

hence, the maximum loan could bank made as the direct result of the deposit is $1,800

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