The reserve requirement is​ 10%.

Question

Suppose that Jack transfers ​$30,000 from an account at First Bank to a checking account at Second Bank. Second​ Bank's total reserves will increase by ​$--- . Of​ that, Second Bank is required to hold--- in​ reserves, and thus can loan out a maximum of ​$---.
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Answer 1

Second​ Bank's total reserves will increase by $30,000.

Of​ that, Second Bank is required to hold 10% in​ reserves, which would be $3,000.

Therefore, Second Bank can loan out a maximum of $27,000 ($30,000 - $3,000).

Answer 2

Thank you

Answer 3

You're welcome! If you have any more questions, feel free to ask.