23. Refer to the above data. If the original bank sheet was for the commercialbanking system, rather than a single bank, loans and deposits could have beenexpanded by a maximum of: *O $48,000.$15,000.$25,000$8,000.TOSHIBA Use the following balance sheet for the ABC National Bank in answering thenext question(s). Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves $ 27,000 Demand deposits $110,000Loans50,000Capital stock200,000Securities 33,000Property 200,00022 Thic honk

Required reserve ratio is 20% (or 0.20) Demand deposit is $110,000 ------------- Required reserve =…

23. Refer to the above data. If the original bank sheet was for the commercial banking system, rather than a single bank, loans and deposits could have been expanded by a maximum of: * O $48,000. $15,000.

23. Refer to the above data. If the original bank sheet was for the commercial banking system, rather than a single bank, loans and deposits could have been expanded by a maximum of: * O $48,000. $15,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

23. Refer to the above data. If the original bank sheet was for the commercial
banking system, rather than a single bank, loans and deposits could have been
expanded by a maximum of: *
O $48,000.
$15,000.
$25,000
$8,000.
TOSHIBA

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