单选题
On January 3, Logan Industries deposited $1000000 in cash at Federal
Savings Bank. No excess reserves were present at the time Logan made the deposit
and the required reserve ratio is 10%.
What is the maximum
amount by which Federal Savings Bank can increase its lending?
- A. $100000.
- B. $1000000.
- C. $900000.
【正确答案】
C
【答案解析】Since there are no excess reserves present at the time that Logan deposited the money, Federal Reserve Bank would be required to maintain $ 100000 ($ 1000000 × 0.10 ) on reserve and would be able to loan out or increase the money supply by $ 900000.