Ali is a businessman in Oman and he sells products to different countries. He received 1078600 OMR from its foreign customer and deposits it to a bank. In Oman cash reserve ratio is 23.86%. How much loan is produced with the deposit introduced by Ali?

Ali is a businessman in Oman and he sells products to different countries. He received 1078600 OMR from its foreign customer and deposits it to a bank. In Oman cash reserve ratio is 23.86%. How much loan is produced with the deposit introduced by Ali?
Ali is a businessman in Oman and he sells products to different countries. He received 1078600 OMR from its foreign customer and deposits it to a bank. In Oman cash reserve ratio is 23.86%.
How much loan is produced with the deposit introduced by Ali?
Select one: 

a. 4520536 OMR 

b. 215720000 OMR 

c. 9041073 OMR

d. 4718285 OMR

 

SOLUTION

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