Suppose a Bank Has $6,000 in Chequable Deposits and the Desired

question 12

Multiple Choice

Suppose a bank has $6,000 in chequable deposits and the desired reserve ratio is 0.2.And suppose the bank wishes to hold no excess reserves.What are the bank's actual reserves?  

• A) <$1,000 
• B) $1,200 
• C) $3,000 
• D) $4,000

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