Question
If the desired reserve ratio is 3 percent and deposits totaled $5.75 billion, banks hold A) $172.5 million in reserves. B) $0.1725 million in reserves.
If the desired reserve ratio is 3 percent and deposits totaled $5.75 billion, banks hold
A) $172.5 million in reserves.
B) $0.1725 million in reserves.
C) $172.5 million in excess reserves.
D) $0.1725 million in excess reserves.
E) $192 million in reserves.
Answer:A
why?
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Justice In A Global Economy Strategies For Home, Community, And World
Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers
1st Edition
0664229557, 9780664229559
