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Tidy Tidy
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8 years ago
Consider the following T-account for National City Bank:

Assets   Liabilities
Reserves    $10,000   Deposits   $100,000
Loans       $90,000   

If the required reserve ratio is lowered to 8 percent, how much can National City loan out?
A) $10,000
B) $8,000
C) $2,000
D) $0
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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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
Thanks for your help!!
shimyshiguy
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Yesterday
Thanks
carston
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2 hours ago
This site is awesome
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