Business, 05.05.2020 17:21 humphreybrittany42

Suppose a bank already has excess reserves of $800 and the reserve ratio is 30%. If Andy deposits $1,000 of cash into his checking account and the bank lends $600 to Melanie, that bank can lend an additional:

a. $200.

b. $1,000

c. $800.

d. $2,400.

e. $400

Answers: 3

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Suppose a bank already has excess reserves of $800 and the reserve ratio is 30%. If Andy deposits $1...

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