The table given below shows the assets and liabilities of the National Bank. Assume that this is the only bank in the economy. Table 13.2

Balance Sheet of National Bank
Assets	Liabilities
Vault Cash	$1,725	Deposits	$5,450
Deposit in Fed	$425
Loans	$3,300
Total Assets	$5,450	Total Liabilities	$5,450

Refer to Table 13.2. If the reserve requirement is 10 percent, how much can the whole banking system expand the money supply?

Group of answer choices

$21,500

$11,800

$5,450

$54,500

$16,050

The table given below shows the assets and liabilities of the National Bank. Assume that this is the only bank in the economy. Table 13.2

Balance Sheet of National Bank
Assets	Liabilities
Vault Cash	$1,725	Deposits	$5,450
Deposit in Fed	$425
Loans	$3,300
Total Assets	$5,450	Total Liabilities	$5,450

Refer to Table 13.2. If the reserve requirement is 10 percent, how much can the whole banking system expand the money supply?

$21,500

$11,800

$5,450

$54,500

$16,050