If a bank has a required reserve ratio of 30 percent, excess reserves of $45,000,000, and deposits of $100,000,000, how much can the bank lend out?
A. $13,500,000
B. $30,000,000
C. $43,500,000
D. $45,000,000
E. $145,000,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a bank has a required reserve ratio of 30 percent, excess reserves of $45,000,000, and deposits of $100,000,000, how much can the bank ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following increases the supply of gasoline? A. a situation where the quantity of gasoline demanded exceeds the quantity supplied B. an increase in the price of gasoline C.
Answers (1)
Which statement is an example of post-secondary education? A. core classes such as math and English that one takes in high school B. vocational classes such as marketing or computer-aided design that one may take in high school C.
Answers (1)
Why are major league baseball players on average paid substantially more than college professors? Explain. Major league baseball players are paid more than college professors because A.
Answers (2)
A fair coin should land showing tails with a relative frequency of 50% in a long series of flips. Connor reads that spinning - rather than flipping - a US penny on a flat surface is not fair, and that spinning a penny makes it more likely to land
Answers (2)
On may 10, the ceo of massmachine announced a quarterly dividend of $.50 per share to be paid on june 25 to all stockholders on the record as of friday june 6.
Answers (1)
New Questions in Business
A firm supplies aircraft engines to the government and to private firms. It must decide between two mutually exclusive contracts. If it contracts with a private firm, its profit will be $2 million, $1 million, or - $1 million with probabilities. 25,.
Answers (1)
Important business data that is not known to the public is considered what type of information?
Answers (1)
On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 8 percent. when the bonds were issued, the market interest rate was 8 percent.
Answers (1)
What is strategy implementation what questions must strategy makers consider to begin the imlimentation process?
Answers (1)
Suppose that due to a poor economy, 1 million workers lost their jobs, causing the unemployment rate to increase to 10%. After a few months of searching, 300,000 of these unemployed workers give up looking for work.
Answers (1)