If the Desired Reserve Ratio Is 3 Percent and Deposits

question 82

Multiple Choice

If the desired reserve ratio is 3 percent and deposits totaled $5.75 billion, banks hold

• A)$172.5 million in reserves.
• B)$0.1725 million in reserves.
• C)$172.5 million in excess reserves.
• D)$0.1725 million in excess reserves.
• E)$192 million in reserves.

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Colonial Experience

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English And French

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An agreement reached by the Pilgrims on the Mayflower in 1620, which established a rudimentary form of democracy and self-government for their new settlement in Plymouth.

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