Question 28 - The maximum amoung of loans that the banking system can create is ____

, Chamberlain University Week 8. MEL Final Exam 0 Take a Test 7 Pamela Harris X ~ Conversations i619 C' m l https://WWW.mathxl.com/Student/PlayerTest.aspx?canvasgassignmei "- a l IQ Search 4' III\\ 0 E] Principles of Economics Test: Final Exam Time Remaining:01:17:15 SubmitTest This Question: 6 pts 4 28 of 37 (22 complete) 7 p This Test: 230 pts possible r The Fed buys $1 million of securities from AIG; the desired reserve ratio is 0.1, and there is no currency drain. As soon as the open market purchase is made, the bank's excess reserves are 3 million. The maximum amount of loans that the banking system can create is , and the maximum amount of new money that it can create (not including the original deposit from AIG) is O A. $9 million; $9 million O B. $9 million; $10 million 0 C. $10 million; $10 million 0 D. $10 million; $9 million Click to select your answer(s). javascript:doExercise(19); 3:42 PM E Economics 110 Recent Exam 3 QuestionsSolutions SUNY Oneonta P; iiimzoi