Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions.

Assets Liabilities + Net Worth
Reserves $120,000 Checkable Deposits $300,000
Loans 140,000 Stock Shares 200,000
Securities 40,000
Property 200,000

After the deposit of $10 billion of new currency, the maximum amount by which this commercial banking system can expand the supply of money by lending is:

a. $120,000 billion.
b. $300,000 billion.
c. $600,000 billion.
d. $900,000 billion.

d. $900,000 billion.

Explanation:

The computation of total money supply is shown below:

But before that first we have to find out the required reserves, excess reserve and the multiplier which are given below:

Required reserve is

= $300,000 × 10%

= $30,000

Now the excess reserve is

= $120,000 - $30,000

= $90,000

And, the multiplier is

= 1 ÷ 10%

= 10

So, total money supply is

= $90,000 × 10

= $900,000 billions

my economy is bad lots of people are poor and lots of people are jobless and homeless

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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