If You Deposit $300 in Your Bank and the Required

question 17

Multiple Choice

If you deposit $300 in your bank and the required reserve ratio is 10%, your bank will have

• A)an increase in required reserves of $300.
• B)an increase in required reserves of $270.
• C)an increase in required reserves of $3000.
• D)an increase in required reserves of $30 and an increase in excess reserves of $270.

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Monetary benefits received for work done or for investment made, including salaries, bonuses, dividends, or capital gains.

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