question archive Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard
Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard
Subject:EconomicsPrice:2.88 Bought3
Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard. If the required reserve ratio is 10%, checking account deposits in the banking system as a whole could drop to a maximum of
A. $0.
B. $50.
C. $500
D. $5,000.
Option 1
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