If a Bank Has a Required Reserve Ratio of 20

question 23

Multiple Choice

If a bank has a required reserve ratio of 20% and has required reserves of $300,000,000,how much does the bank hold in deposits?

• A) $33,750,000
• B) $60,000,000
• C) $360,000,000
• D) $1,500,000,000
• E) There is not enough information to solve this problem.

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