Business, 25.04.2020 01:50 Reebear8372

Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and
checkable deposits are the only form of money. A bank that received a new checkable deposit of 510,000 would be able
to extend new loans up to a maximum of

a. $2.000.

b. 58,000.

c. 59,000.

d. 510,000.

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