Question
An FI is planning to issue $12,000,000 in commercial loans. It will finance all of it by issuing demand deposits. What is the minimum capital
An FI is planning to issue $12,000,000 in commercial loans. It will finance all of it by issuing demand deposits. What is the minimum capital required if there are no reserve requirements?
$1,152,000
$768,000
$960,000
$902,400
$1,286,400
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
