Multiple Choice
The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $355 million dollars in loans. Given this information you find that the reserve requirement must be
A) 35/355.
B) 45/355.
C) 35/400.
D) 45/400.
Correct Answer:
Verified
Correct Answer:
Verified
Q41: What makes the New York Federal Reserve
Q42: Which of the following is not included
Q48: In a 100-percent-reserve banking system,if people decided
Q102: Which of the following increases when the
Q108: Money is<br>A)the most liquid asset and a
Q131: Consider five individuals with different occupations.
Q136: Other things the same, if banks decide
Q137: As the reserve ratio increases, the money
Q138: Suppose the banking system currently has $300
Q174: What does the text mean by the