Suppose There Is an Increase in Excess Reserves of $10

question 69

Multiple Choice

Suppose there is an increase in excess reserves of $10 million and the banking system's chequable deposits increase by a maximum of $200 million.What is the desired reserve ratio?  

• A) 0 
• B) 5 percent 
• C) 10 percent 
• D) 20 percent

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