Multiple Choice
If the desired reserve ratio is 7 percent and a bank has $10,000 of deposits, then its desired reserves are
A) $7.
B) $9,300.
C) $700.
D) $930.
E) $7,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: The monetary base is equal to<br>A)Federal Reserve
Q6: The goal of a commercial bank is
Q7: Required reserve ratios are the minimum amount
Q8: Which statement most accurately captures the state
Q9: If the Fed increases the discount rate,<br>A)commercial
Q11: The amount of loans that a bank
Q12: When money is used to compare the
Q13: The required reserve ratio is 20 percent
Q14: Suppose the currency drain ratio is 33.33
Q15: Which of the following are policy tools