Table 14 shows the balance sheet of the Tenth National BankAssetsLiabilitiesReserves$517Deposits$4,136Loans$3,619Total:$4,136Total:$4,136Refer to Table 14. Assume that this bank lends out its entire excess reserves. If Jerry deposits $426of cash in a checking account in the Tenth National Bank, what's the maximum change in themoney supply in the economy?O $2,982 GO $3,408O $3,696O $4,200O $4,136

Given information: Deposits = $4136Reserves = $517Loans = $3619

Answered: Table 14 shows the balance sheet of the…

Table 14 shows the balance sheet of the Tenth National Bank Assets Liabilities Reserves $517 Deposits $4,136 Loans $3,619 Total: $4,136 Total: $4,136

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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