Question 30 (0.5 points) Suppose the Canadian banking system jointly has $20 million in reserves (cash and deposits at the Bank of Canada), all banks have a target reserve ratio of 20%, and there are no excess reserves. What is the amount of deposits in the banking system? O a) $100 million O b) $4 million O c) $40 million O d) $80 million O e) $120 million Previous Page Next Page Page 30 of 79