Business, 30.12.2020 19:10, shayyy49

Assets Liabilities Total Reserves $60,000
Demand Deposits $200,000
Loans $140,000
The balance sheet above shows the financial situation for the Car central bank has set a reserve requirement of 10 percent. What is additional money Carland National Bank can create?
a. $600,000.
b. $40,000.
c. $200,000.
d. $60,000.
e. $400,000.

Answers: 1

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Assets Liabilities Total Reserves $60,000
Demand Deposits $200,000
Loans $140,000