Multiple Choice
Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of $75,000 is made. Immediately after the deposit is made, the bank's unplanned reserves equal
A) zero.
B) $7,500.
C) $67,500.
D) It is impossible to determine without additional information.
Correct Answer:
Verified
Correct Answer:
Verified
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