Carlton bank has an increase in reserves of 1000000. if the, Ask an Expert

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Carlton Bank has an increase in reserves of $1,000,000. If the reserve ratio is 10%, by what amount may Carlton increase its demand deposits?

a. $ 100,000

b. $ 900,000

c. $ 1,000,000

d. $ 10,000,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942856

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