Multiple Choice
Use the following to answer questions .
Exhibit: Balance Sheet of the Alpha-Beta Bank
-(Exhibit: Balance Sheet of the Alpha-Beta Bank) If the required reserve ratio is 10%, what is the amount of excess reserves held by Alpha-Beta Bank?
A) $25 million
B) $40 million
C) $60 million
D) $75 million
Correct Answer:
Verified
Correct Answer:
Verified
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