Multiple Choice
Which of the following statements is correct?
A) required reserves = (total deposits) × (excess reserve ratio)
B) required reserves = (total reserves) × (excess reserve ratio)
C) required reserves = (total deposits) × (required reserve ratio)
D) required reserves = (total deposits) ÷ (required reserve ratio)
E) required reserves = (total deposits) × (required reserve ratio) - excess reserves
Correct Answer:
Verified
Correct Answer:
Verified
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