A commercial bank is facing the conditions given above. If the reserve requirement is 12 percent and the bank does not sell any of its securities, the maximum amount of additional lending this bank can undertake is.

$6,000

Explanation:

$6,000

(The demand deposits are $100,000, and the reserve requirement is 12 percent, so this bank must keep $12,000 in required reserves. Since total reserves include both required and excess reserves, $18,000 (total reserves) minus $12,000 (required reserves) equals $6,000 (excess reserves). Excess reserves are the only reserves that can be used for lending, so $6,000 is available for lending.)

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.