Suppose a Bank Has $1,500,000 in Deposits,a Minimum Reserve Requirement

question 136

Multiple Choice

Suppose a bank has $1,500,000 in deposits,a minimum reserve requirement of 20 percent,and total reserves of $350,000.Then the bank has excess reserves of:

• A) $1,850,000
• B) $350,000
• C) $300,000
• D) $50,000

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