Multiple Choice
A bank has $250 in checking deposits,$1,000 in savings deposits,$1,200 in time deposits,$1,000 in loans to businesses,$400 in outstanding credit card balances,$800 in government securities,$25 in currency in its vault,and $25 in deposits at the Fed.The bank's reserves are equal to
A) $25.
B) $275.
C) $2,225
D) $50.
E) $350.
Correct Answer:
Verified
Correct Answer:
Verified
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