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
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Question 15
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.
95.00 percent and 5, respectively.
8.00 percent and 12.5, respectively.
Transcribed Image Text:Question 15 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. 95.00 percent and 5, respectively. 8.00 percent and 12.5, respectively.
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