Question
W5 Q9 Suppose a credit union has checkable deposits of $200,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves
W5 Q9
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 $10,000, then its actual reserves are
a)30,000
b)10,000
c) 1,000
d)20,000
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
