Question
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
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 $30 million in savings deposits and $38 million in checkable deposits, then its required reserves are
Multiple Choice
- $1.14 million.
- $3.8 million.
- $3 million.
- $68 million.
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
