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Table 16-6. -Refer to Table 16-6. If the Fed Requires a Reserve

Question 2

Multiple Choice

Table 16-6. Table 16-6. -Refer to Table 16-6. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold? A) $1,200 B) $2,400 C) $2,880 D) $4,800
-Refer to Table 16-6. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?


A) $1,200
B) $2,400
C) $2,880
D) $4,800

Correct Answer:

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