Find the total credit that the banking system can create if primary deposit is just...

Economics

JAMB 1990

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 Answer: Option C

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Find the total credit that the banking system can create if primary deposit is just...

Correct Answer: Option C

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