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Refer to the Table Above

Question 106

Multiple Choice

Refer to the table above. If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are: A) $0.35 million B) $0.65 million C) $1.35 million D) $1.65 million Refer to the table above. If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are:


A) $0.35 million
B) $0.65 million
C) $1.35 million
D) $1.65 million

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