Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%

a

700.00

b

600.00

c

500.00

d

400.00

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Correct Option
c

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Discussions (5)

Elijah.G
2 years ago

pls solve it

Alex0vi0
2 years ago

20/100=0.2

0.2/100 = 500 🤭

100% of N100 is N1000 then you divide N1000 into 2 which is N500

Alex0vi0
2 years ago

hj

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