If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can ...

Author Question: If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can ... (Read 100 times)

mikaylakyoung

Hero Member
Posts: 531

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

Sr. Member
Posts: 322

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

e

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mikaylakyoung

Hero Member
Posts: 531

Reply #2 on: Jun 30, 2018

Thank you

dyrone

Sr. Member
Posts: 322

Reply #3 on: Jun 30, 2018

Happy to help you

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