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Author Question: Banks and the Creation of MoneyYour bank has liabilities of $38 million and net worth of $8 million. ... (Read 21 times)

booty5

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Question 1

Banks and the Creation of Money

Suppose you deposit $1000 of currency into your checking account at your bank and the required reserve ratio (RR) is 10%. As a result of your deposit, your bank can make a maximum loan of ________.
◦ $100
◦ $10,000
◦ $1000
◦ $900

Question 2

Banks and the Creation of Money

Your bank has liabilities of $38 million and net worth of $8 million. Your bank's assets are ________.
◦ $30 million
◦ $8 million
◦ $46 million
◦ $38 million


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Marked as best answer by booty5 on Nov 23, 2022

viper01

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booty5

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Reply 2 on: Nov 23, 2022
:D TYSM


Dinolord

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Reply 3 on: Yesterday
Gracias!

 

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