Multiple Choice
Scenario 14-2
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and that the required reserve ratio is 20%.
-Refer to Scenario 14-2.As a result of Kristy's deposit,Bank A's required reserves increase by
A) $2,000.
B) $8,000.
C) $10,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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