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Table 29-4 ​

Question 103

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Table 29-4
Table 29-4 ​ -Refer to Table 29-4. If the Fed's reserve requirement is 6 percent, then what quantity of excess reserves does the Bank of Cheerton now hold? A) $1,800 B) $900 C) $2,890 D) $5,400 ​
-Refer to Table 29-4. If the Fed's reserve requirement is 6 percent, then what quantity of excess reserves does the Bank of Cheerton now hold?


A) $1,800
B) $900
C) $2,890
D) $5,400

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