Business, 09.04.2020 21:30 trevonkincade9p5hlin

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: 2

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