If, at the end of the credit creation process, we have total deposits of 50,000, and initial deposits were 10,000, what is the amount of primary deposits?

60,000

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50,000

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40,000

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10,000

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Solution

The correct option is D
10,000

Initial deposits are the primary deposits. So, 10,000 is the primary deposit.

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If, at the end of the credit creation process, we have total deposits of 50,000, and initial deposits were 10,000, what is the amount of primary deposits?

The correct option is D 10,000 Initial deposits are the primary deposits. So, 10,000 is the primary deposit.

The correct option is D
10,000

Initial deposits are the primary deposits. So, 10,000 is the primary deposit.