Consider the Following Data About the Economy: Currency Outstanding (C)=

question 24

Multiple Choice

Consider the following data about the economy: currency outstanding (C) = $1 trillion, total deposits (D) = $750 billion, total reserves (R) = $76 billion, and the required reserve ratio (RR ratio) = 10%. What is the level of required reserves for this economy?

• A)$50 billion
• B)$75 billion
• C)$76 billion
• D)$100 billion

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