The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit? By: Sunday|Published on: Aug 6|Categories: Economics WAEC| 0 comments A. N 100 000 B. N 800 000 C. N 1000 000 D. N 8000 000 Correct Answer: Option B – N 800 000 Users Also Read These:A reduction in the bank rate encourages commercial…A cheque drawn by a bank official on the bank’s…The term "Money at call and short notice" in a…The use of the bank rate; cash ratio and open market…A major cause of discrepancy between bank statement…SEE ALSO The excess of aggregate expenditure over full employment level of output is referred to as?