If a Bank's Required Reserves Equal $270, 000, No Excess

question 20

Multiple Choice

If a bank's required reserves equal $270, 000, no excess reserves are held, and the reserve requirement is equal to 18 percent, what is the value of the bank's total deposits?

• A)$900, 000
• B)$1, 500, 000
• C)$48, 000
• D)$486, 000
• E)$150, 000

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