Kizspy | Question: 41
(Choose 1 answer)
A bank has a 10 percent reserve requirement, $5,000 in deposits, and has loaned out all it can given the reserve
requirement. Which of the followings is true?
A. It has $50 in reserves and $4,950 in loans
B. It has $500 in reserves and $4,500 in loans
C. It has $555 in reserves and $4,445 in loans
D. It has $450 in reserves and $5,500 in loans
