For the next two questions we will consider rimor bank, Business Economics

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For the next two questions we will consider rimor bank

For the next two questions we will consider Rimor Bank, which has the following (partial) list of accounts on its balance sheet:

Cash in the bank = $500

US government bonds = $220

Deposit in the Fed = $700

Savings deposits = $2,800

Checking deposits = $4,000

Calculate the maximum amount of new money that Rimor Bank can create, by itself.

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Business Economics: For the next two questions we will consider rimor bank

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Business Economics: For the next two questions we will consider rimor bank

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