Assume That the Reserve Requirement Is 25 Percent and That

question 76

Multiple Choice

Assume that the reserve requirement is 25 percent and that the amount of checkable deposits in Federal Bank is $200.If the bank has loaned out $120, then the bank's excess reserves must equal:

• A)$0.
• B)$25.
• C)$30.
• D)$80.
• E)$225.

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