Use the following consolidated balance sheet for the commercial banking system to answer the next question.AssetsLiabilities + Net WorthReserves$120,000Checkable deposits$300,000Loans140,000Stock shares200,000Securities40,000 Property200,000 If the reserve requirement is 10%, then the maximum amount by which this commercial banking system can expand the supply of money by lending is
A. $120,000 billion.
B. $300,000 billion.
C. $900,000 billion.
D. $600,000 billion.
Answer: C
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