Multiple Choice
Robba Bank has $500 million in deposits,is meeting its usual reserve ratio,and has no excess liquidity.It has $125 million in liquid assets.Robba Bank therefore has a reserve ratio of ________.
A) 4 per cent
B) 1.25 per cent
C) 25 per cent
D) 20 per cent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: Governments in the world today issue fiat
Q23: What is the main monetary policy tool
Q34: Which of the following is the most
Q35: Credit cards are considered:<br>A)part of M1.<br>B)part of
Q38: Suppose that the bank has the
Q39: In February 2016,which of the following comprised
Q65: The statement, 'Bill Gates has $1 million
Q90: Suppose that your bank's reserve ratio is
Q91: A 'good' is more likely to be
Q206: Commodity money is a good<br>A)used as money