4. A bank currently has $100,000 in checkable deposits and $15,000 in actual reserves. If the reserve

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4. A bank currently has $100,000 in checkable deposits and

$15,000 in actual reserves. If the reserve ratio is 20 percent, the bank has in money-creating potential. If the reserve ratio is 14 percent, the bank has in moneycreating potential. LO36.3

a. $20,000; $14,000.

b. $3,000; $2,100.

c. −$5,000; $1,000.

d. $5,000; $1,000.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Sep 30, 2024 10:04 AM

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4. A bank currently has $100,000 in checkable deposits and $15,000 in actual reserves. If the reserve

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Economics

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