Multiple Choice
The manager of the bank where you work tells you that your bank has $6 million in excess reserves.She also tells you that the bank has $400 million in deposits and $362 million dollars in loans.Given this information you find that the reserve requirement must be
A) 44/400.
B) 6/362.
C) 38/400.
D) 32/400.
Correct Answer:
Verified
Correct Answer:
Verified
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