If Checkable Deposits in Bank a Total $390 Million and the Required

question 88

Multiple Choice

If checkable deposits in Bank A total $390 million and the required reserve ratio is 10 percent,then required reserves at Bank A equal

• A) $3.9 million.
• B) $0.39 million.
• C) $93 million.
• D) $39 million.
• E) There is not enough information provided to answer the question.

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