If the reserve ratio is 5 percent,then $600 of additional reserves can create up to
A)$30 of new money.
B)$3,000 of new money.
C)$12,000 of new money.
D)None of the above is correct.

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The Answer of If the reserve ratio is 5 percent,then $600 of additional reserves can create up to
A)$30 of new money.
B)$3,000 of new money.
C)$12,000 of new money.
D)None of the above is correct.

If the Reserve Ratio Is 5 Percent,then $600 of Additional