With a 10% reserve requirement ratio, a $100 deposit into New Bank means that the maximum amount New Bank could lend is
A) $90.
B) $100.
C) $10.
D) $110.
Answer: A
With a 10% reserve requirement ratio, a $100 deposit into New Bank means that the maximum amount New Bank could lend is
A) $90.
B) $100.
C) $10.
D) $110.
Answer: A