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Refer to the Information Provided in Table 10

Question 134

Multiple Choice

Refer to the information provided in Table 10.4 below to answer the questions that follow.
Table 10.4 Refer to the information provided in Table 10.4 below to answer the questions that follow. Table 10.4 -Refer to Table 10.4. If the required reserve ratio were changed to 5% and First Charter Bank continues to hold $1,200,000 in reserves, its excess reserves will be A) $400,000. B) $600,000. C) $800,000. D) $1,000,000.
-Refer to Table 10.4. If the required reserve ratio were changed to 5% and First Charter Bank continues to hold $1,200,000 in reserves, its excess reserves will be


A) $400,000.
B) $600,000.
C) $800,000.
D) $1,000,000.

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