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Hi, i CALCULATE this question many times, but I do't know why answer is 10,000. Can someone explain it to me step by step? Question

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Hi, i CALCULATE this question many times, but I do't know why answer is 10,000. Can someone explain it to me step by step?

image text in transcribed
Question 6 0 / 1 Pts Suppose that a bank with no excess reserves receives a deposit into a checking account of $10,000 in currency. If the required reserve ratio is 0.20, what is the maximum amount that the bank can lend out? $2,000 CorrectAnswer ' ' $8 000 You Answered ; $10 000 $50,000

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