Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If
the bank lends the maximum amount of money allowed, then the checkable deposits
(including the original deposit) increase by:
a) $20
b) $100
c) $500
d) $1,000
+2
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Home » Business » Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If the bank lends the maximum amount of money allowed, then the checkable deposits (including the original deposit) increase by: a) $20 b) $100 c) $500 d) $1,000