What amount may carlton increase its demand deposits


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

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What amount may carlton increase its demand deposits
Reference No:- TGS042856

Expected delivery within 24 Hours