Multiple Choice
A bank has deposits of $400,reserves of $50,and the desired reserve ratio is 7 percent.The bank's excess reserves are
A) $0.
B) $22.
C) $28.
D) $3.50
E) $50.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q346: The discount rate is the<br>A)banks' real interest
Q347: Because the Federal Reserve System is a
Q348: If the desired reserve ratio increases,then<br>A)banks' desired
Q349: The Fed's policy tools include<br>A)required reserve ratios,the
Q350: When the Fed buys government securities,the immediate
Q353: If Joe withdraws a $100 bill from
Q354: Suppose the Fed conducts an open market
Q355: The medium of exchange is defined as<br>A)barter.<br>B)the
Q356: Banks create money by<br>A)printing dollar bills without
Q459: The First National Bank of Townville has