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valputin valputin
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8 years ago
In the simple deposit expansion model, if the banking system has excess reserves of $75, and the required reserve ratio is 20%, the potential expansion of checkable deposits is
A) $375.
B) $75.
C) $750.
D) $37.50.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
wrote...
#2
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
#3
8 years ago
You're very welcome, valputin
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