Multiple Choice
What is the initial impact on reserves of a $2,000 deposit if the reserve ratio is 10%?
A) $200 in excess reserves and $1,800 in required reserves
B) $1,800 in excess reserves and $200 in required reserves
C) $2,00 in excess reserves and zero required reserves
D) zero excess reserves and $2,000 in required reserves
Correct Answer:
Verified
Correct Answer:
Verified
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