Multiple Choice
Given the following information about Gotham Bank:
Bank Deposits $50,000
Loans 34,000
Reserves 12,000
Reserve Requirement 20 percent
Gotham Bank is holding ________ in excess reserves.
A) $22,000
B) $12,000
C) $2,000
D) -$2,000
Correct Answer:
Verified
Correct Answer:
Verified
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