Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $19,200 $240,000 Loans 220,800 Refer to table 2. If the Bank of Duluth has lent out all the money it can, given its level of deposits, then what is the reserve requirement and the value of the multiplier? 5.00 percent and 20, respectively. 8.42 percent, 14.63 respectively. O 95.00 percent and 5, respectively. 8.00 percent and 12.5, respectively.

Table 2 Bank of Duluth Assets Liabilities Deposits Reserves $19,200 $240,000 Loans 220,800 Refer to table 2. If the Bank of Duluth has lent out all the money it can, given its level of deposits, then what is the reserve requirement and the value of the multiplier? 5.00 percent and 20, respectively. 8.42 percent, 14.63 respectively. O 95.00 percent and 5, respectively. 8.00 percent and 12.5, respectively.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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