If the reserve ratio is 15 percent and a bank receives a new deposit of $1500, this bank Question 10 options: 1) must increase its required reserves…
If the reserve ratio is 15 percent and a bank receives a new deposit of $1500, this bank
Question 10 options:
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must increase its required reserves by $225.
2)
will initially see its total reserves increase by $1500.
3)
will be able to make a new loan of $1275.
4)
All of the above are true.
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