Bank a Has $75,000 in Total Reserves,and Zero Excess Reserves

question 60

Multiple Choice

Bank A has $75,000 in total reserves,and zero excess reserves.The required reserve ratio is 12 percent.Bank A has checkable deposits of

• A) $84,000.
• B) $62,500.
• C) $625,000.
• D) $6,250,000.
• E) $840,000

---

Definitions:

Enforceable Property Rights

The legal recognition of an individual's or entity's claims to ownership, which can be defended and upheld in court.

Closer To Extinction

A state or condition where a species is at greater risk of ceasing to exist.

Private Property

The legal right that allows individuals to own, use, and transfer objects, land, and intellectual property.

Resource's Current Price

The current market price at which a specific resource is traded.