Accountancy, asked by Rashiv8576, 10 months ago

Assume $1,000 is deposited in a checkable account by mr. Y in bank
a. Assume further that the reserve requirement is 0.20. The total amount of money which can be created through the entire banking system is $__________ ..

Answers

Answered by anjana181433

0

Explanation:

Assume $1,000 is deposited in a checkable account by mr. Y in bank

a. Assume further that the reserve requirement is 0.20. The total amount of money which can be created through the entire banking system is $20000.

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