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-Refer to Table 10-4

Question 123

Multiple Choice

-Refer to Table 10-4. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of the Kawarthas now hold? A) $600 B) $700 C) $1440 D) $1500
-Refer to Table 10-4. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of the Kawarthas now hold?


A) $600
B) $700
C) $1440
D) $1500

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