问题 单项选择题

On January 3, Logan Industries deposited $1000000 in cash at Federal Savings Bank. No excess reserves were present at the time Logan made the deposit and the required reserve ratio is 10%. What is the maximum amount by which Federal Savings Bank can increase its lending()

A. $100000.

B. $1000000.

C. $900000.

答案

参考答案:C

解析:

Since there are no excess reserves present at the time that Logan deposited the money, Federal Reserve Bank would be required to maintain $ 100000 ($ 1000000 × 0.10 ) on reserve and would be able to loan out or increase the money supply by $ 900000.

单项选择题
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