Multiple Choice
Bank A has $75,000 in total reserves,and zero excess reserves.The required reserve ratio is 12 percent.Bank A has checkable deposits of
A) $84,000.
B) $62,500.
C) $625,000.
D) $6,250,000.
E) $840,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q55: Bank A has checkable deposits of $510
Q56: If a person uses money to buy
Q57: If M1 is $1,200 billion,currency held outside
Q58: The two types of asymmetric information problems
Q59: Bank deposits at the Federal Reserve =
Q61: In a barter economy,<br>A) money trades for
Q62: Demand deposits are checking accounts that pay
Q63: The dollar amount of reserves a bank
Q64: Refer to Exhibit 12-4.If Bank XYZ's assets
Q65: M1 is comprised of currency held outside