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MC Qu. 35-146 (Algo) Refer to the accompanying table. If... Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million

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MC Qu. 35-146 (Algo) Refer to the accompanying table. If... Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million 10 Noncheckable personal savings and time deposits 0 Refer to the accompanying table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves ar Multiple Choice O $1.2 million. O $30 million. O $3 million. O $1.8 million

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