A bank has total checking deposits of $4 million

A bank has total checking deposits of $4 million

Question # 00500883 Posted By: dr.tony Updated on: 03/16/2017 01:33 AM Due on: 03/16/2017
Subject Economics Topic General Economics Tutorials:
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A bank has total checking deposits of $4 million, with total reserves of $500,000. If the reserve ratio 10%, how much can this bank lend? How much could the banking system potentially lend? Please show work
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    Tutorial # 00497525 Posted By: dr.tony Posted on: 03/16/2017 01:33 AM
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