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Table 10-2 -Refer to the Table 10-2.If the Reserve Requirement Is 30

Question 23

Multiple Choice

Table 10-2 Table 10-2 -Refer to the Table 10-2.If the reserve requirement is 30 percent,what is this bank's reserve position? A) It has $29,000 of excess reserves. B) It needs $10,000 more in reserves to meet its reserve requirement. C) It needs $27,500 more in reserves to meet its reserve requirement. D) It just meets its reserve requirement.
-Refer to the Table 10-2.If the reserve requirement is 30 percent,what is this bank's reserve position?


A) It has $29,000 of excess reserves.
B) It needs $10,000 more in reserves to meet its reserve requirement.
C) It needs $27,500 more in reserves to meet its reserve requirement.
D) It just meets its reserve requirement.

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