Answered

Dive into the world of knowledge and get your queries resolved at IDNLearn.com. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.

if the banking system has $500 of total reserves and a reserve requirement of 25 percent, the money supply can reach a maximum of

Sagot :

AmishaSrivastavaidn

If the banking system has $500 of total reserves and a reserve requirement of 25 percent, the money supply can reach a maximum of $2,000

What is banking ?

  • Banking is the business of protecting other people's money.
  • Banks lend out this money, generating interest that benefits the bank and its customers.
  • A bank is a financial institution authorized to accept deposits and make loans.
  • However, other financial services can also be provided.
  • A bank is a financial institution authorized to accept deposits and make loans.
  • There are following  different types of banks  as retail banks, commercial banks, and investment banks.
  • In many countries, banks are regulated by governments.
  • The top five banking services are checking and savings accounts, credit and mortgage services, wealth management, credit and debit card offerings, and overdraft services.
  • Under the  banking and finance umbrella, the industry includes consumer-centric commercial banks, such as Bank of America, and central banks, government agencies that regulate the industry and control monetary policy.

to learn more about banking  from the given link :

https://brainly.com/question/14042269

#SPJ4

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.