If the reserve ratio is 15 percent and a bank receives a new deposit of $1500, this bank Question 10 options: 1) must increase its required reserves...

If the reserve ratio is 15 percent and a bank receives a new deposit of $1500, this bank

Question 10 options:

1) 

must increase its required reserves by $225.

2) 

will initially see its total reserves increase by $1500.

3) 

will be able to make a new loan of $1275.

4) 

All of the above are true.