Register

Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created as a result?

Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created as a result?
19.7k views
3 votes
Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created as a result?

User Jobou
by
7.8k points

1 Answer

3 votes

Answer:

$2666.67

Step-by-step explanation:

Extra money supply = 400*(1/15%)

= 400 * 6.6667

= $2666.67

User FuzzyWuzzy
by
7.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!