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Author Question: If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can ... (Read 103 times)

mikaylakyoung

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on: Jun 30, 2018
If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can lend:
 a. 4,000.
 b. 16,000.
 c. no more than 4,800.
  d. no less than 3,000.
  e. 1,000.

Question 2

_____ is the reward savers earn for deferring consumption.
 a. Dividend
  b. Wage
 c. Rent
 d. Profit
 e. Interest


dyrone

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


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mikaylakyoung

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Reply #2 on: Jun 30, 2018
Thank you :)


dyrone

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Reply #3 on: Jun 30, 2018
Happy to help you


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