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Balance Sheet for Reliance Bank Assets Liabilities Reserves Deposits $7,000 $50,000 Loans $43,000 Consider the table above, showing a simplified balance sheet for Reliance Bank:
Balance Sheet for Reliance Bank Assets Liabilities Reserves Deposits $7,000 $50,000 Loans $43,000 Consider the table above, showing a simplified balance sheet for Reliance Bank: If the required reserve ratio is 10 percent, Reliance Bank can, at this point, make a maximum loan of O $2,000 O $5,000 O $45,000 O Nothing. They are already lending beyond their required reservesSuppose Elon Musk deposits $20 million cash into his checking account at Star Bank. If the required reserve ratio is 10 percent, what is the maximum change in the money supply? _ $200 million _ $180 million $2 million $180 million $200 million
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