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Tidy Tidy
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8 years ago
Consider the following T-account for a bank:

Assets   Liabilities
Reserves    $1,000   Deposits     $5,000
Loans         $4,000   

If the required reserve ratio is 10 percent, the bank at this point can make no more loans.
True or false?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
Just got PERFECT on my quiz
nadiia
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Thank you, thank you, thank you!
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Thanks
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