If the Required Reserve Ratio Is 10 Percent,currency in Circulation

question 66

Multiple Choice

If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $800 billion,and excess reserves total $0.8 billion,then the excess reserves-checkable deposit ratio is

• A)0.001.
• B)0.10.
• C)0.01.
• D)0.05.

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