Multiple Choice
Suppose that a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2.If the bank wishes to hold no excess reserves,its actual reserves will be
A) $4,000
B) $1,200
C) $3,000
D) less than $1,000
E) $4,800
Correct Answer:
Verified
Correct Answer:
Verified
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