Bank a Has Checkable Deposits of $800,000 and Total Reserves

question 91

Multiple Choice

Bank A has checkable deposits of $800,000 and total reserves of $200,000.If the required reserve ratio is 0.15,the bank has required reserves of

• A) $600,000.
• B) $120,000.
• C) $90,000.
• D) $30,000.

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