Table 141 Monetary Aggregates of the U Assume an Original Balance Sheet: on the Basis of the Item

question 42

Multiple Choice

Table 14.1 Monetary Aggregates of the U.S.Financial System
$\begin{array}{|l|r|}\hline\text { Item } & \text { Amount } \\\hline \text { Cash held by public } & \text { \$250billion } \\\hline\text { Transactions deposits } & \text { \$1,000billion } \\\hline\text { Required reserves } & \text { \$150billion } \\\hline\text { Excess reserves } & \text { \$0billion } \\\hline \text { U.S. bonds held by public } & \$ 1,000 \text { billion }\\\hline \end{array}$
Assume an original balance sheet: On the basis of the information in Table 14.1,the required reserve ratio is

• A)6.5 percent.
• B)10.0 percent.
• C)15.0 percent.
• D)20.0 percent.

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