Multiple Choice
What would a desired reserve ratio of 40 percent indicate about each dollar of reserves?
A) It could support $0.40 of demand deposits.
B) It could support $1.60 of demand deposits.
C) It could support $2.50 of demand deposits.
D) It could support $4.00 of demand deposits.
Correct Answer:
Verified
Correct Answer:
Verified
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