The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?

 

Similar Questions

The reward of a debenture holder of a public company is a fixed rate of ...

Concentrating industries in one place is advantageous because there are gains in terms of___________...

From an economic point of view, an activity does not have a cost when ...

One reason why small scale businesses are very common in West Africa is that ...

The demand for a commodity that serves two or more purposes is ...

General rise in the price level induced by increased price of inputs is referred to as ...

Specialization often improves economic performance because it ...

In a socialist economy, the means of production is owned and controlled by the ...

Which of the following determines the size of a country's population? I. Birth rate II. Death ...

Near Money is made up of ...