Suppose the required reserve ratio is 20% . A $5 million deposit allows commercial banks to create as much as a) $25 million. b) $5 million. c) $10 million. d) $1 million.

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asked Mar 7, 2020 32.1k views

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Suppose the required reserve ratio is 20% . A $5 million deposit allows commercial banks to create as much as

a) $25 million.
b) $5 million.
c) $10 million.
d) $1 million.

Advanced Placement (AP)
college

Hyundong Hwang asked

by Hyundong Hwang

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Answer:

Step-by-step explanation:

Moschlar answered Mar 10, 2020

by Moschlar

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4 votes

The answer is D...hope this helps!!!

Cephron answered Mar 13, 2020

by Cephron

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