Question 2 (Worth 5 points)

(04.04 MC)

A bank has the following assets and liabilities:


Assets Liabilities
$50,000 in loans $60,000 in demand deposits
$3,000 in required reserves
$9,000 in excess reserves

Based on this data, what is the maximum amount of additional loans this bank could provide?

$6,000
$9,000
$10,000
$47,000
$50,000