Suppose the Banking System Currently Has $300 Billion in Reserves,that

question 3

Multiple Choice

Suppose the banking system currently has $300 billion in reserves,that the reserve requirement is 10%,and that $3 billion of the reserves are excess reserves that will not be lent out.What is the value of deposits?

• A)$3,300 billion
• B)$2,970 billion
• C)$2,700 billion
• D)$2,673 billion

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Definitions:

Query Grid

A user interface tool in database software that allows for the visual construction of queries.

Field List

A dynamic area or pane in a software application or database where field names or data selections are listed for user operations.

Zero-Length

Refers to a string or data value that contains no characters or elements, often used to indicate a missing or undefined value.

Null

A value that signifies the absence of data or a missing or unknown value in a database or programming context.