The most a bank could lend at any time without altering its assets is an amount equal to its:
A. Checkable deposits.
B. Reserves.
C. Excess reserves.
D. Net worth.
Answer:C
The most a bank could lend at any time without altering its assets is an amount equal to its:
A. Checkable deposits. B. Reserves. C. Excess reserves. D. Net worth.