Table 21-4. -Refer to Table 21-4.Suppose the Bank Faces a Reserve Requirement

question 196

Multiple Choice

Table 21-4.

-Refer to Table 21-4.Suppose the bank faces a reserve requirement of 10 percent.Starting from the situation as depicted by the T-account,a customer deposits an additional $50,000 into his account at the bank.If the bank takes no other action it will

• A) have $65,000 in excess reserves.
• B) have $55,000 in excess reserves.
• C) need to raise an additional $5,000 of reserves to meet the reserve requirement ratio
• D) None of the above is correct.

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