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Suppose a customer with a checking account at Wells Fargo, needs to borrow $90,000. What is the maximum this bank can lend? Wells Fargo Assets

Suppose a customer with a checking account at Wells Fargo, needs to borrow $90,000. What is the maximum this bank can lend?

Wells Fargo

Assets

Liabilities

Reserves +$100,000

Deposits $100,000

If the required reserve ratio is

0.150.15,

or

1515

percent, and Wells Fargo currently has no excess reserves, the maximum loan Wells Fargo can make as result of this transaction is

$nothing.

(Enter your response rounded to the nearest whole number).

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