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Refer to the Table Above

Question 119

Multiple Choice

Refer to the table above. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are: A) $30 million B) $3 million C) $1.8 million D) $1.2 million Refer to the table above. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are:


A) $30 million
B) $3 million
C) $1.8 million
D) $1.2 million

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