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AssetsLiabilities Net Worth Reserves$60Checkable Deposits$150 Loans100Stock Shares135 Securities25 Property100 Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume
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AssetsLiabilities Net Worth Reserves$60Checkable Deposits$150 Loans100Stock Shares135 Securities25 Property100 Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars. The maximum amount by which the commercial banking system can expand the supply of money by lending is

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