Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 3.00

PNC Bank

1. Suppose that PNC Bank sells $1 million in Treasury bills to the Fed and then makes a $1 million loan to David’s Donut Emporium and Boat Repair. Use a T-account to show the results of these transactions on PNC’s balance sheet.

 

2. What does the phrase “multiple deposit creation” mean?

3. What is the simple deposit multiplier? If the required reserve ratio is 15%, what is the value of the simple deposit multiplier?

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 04:02 PM My Price 3.00

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