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Suppose a credit union has checkable deposits of $200,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of $8,000,
Suppose a credit union has checkable deposits of $200,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of $8,000, then its actual reserves are
Multiple Choice
- $28,000.
- $12,000.
- $8,000.
- $20,000.
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
