If Checkable Deposits in Bank a Total $620 Million and the Required

question 22

Multiple Choice

If checkable deposits in Bank A total $620 million and the required reserve ratio is 9 percent,then required reserves at Bank A equal

• A) $564.2 million.
• B) $468 million.
• C) $28.8 million.
• D) $55.8 million.
• E) $558 million.

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