Solved

If a Bank Has a Required Reserve Ratio of 15

Question 112

Multiple Choice

If a bank has a required reserve ratio of 15 percent and has required reserves of $225,000,000,how much does the bank hold in deposits?

A) $33,750,000
B) $210,000,000
C) $240,000,000
D) $1,500,000,000
E) There is not enough information to solve this problem.

Related Questions

Q107: When an economy experiences inflation,the value of

Q108: Use the following information to answer the

Q109: How is owner's equity calculated?<br>A) assets -

Q110: Which of the following is an example

Q111: Refer to the following table to answer

Q113: For something to be considered money,it must<br>A)

Q114: Use the following information to answer the

Q115: Tom Goldman deposits $1,000 in newly printed

Q116: What is quantitative easing? What are the

Q117: Which of the following would NOT be