Table 10-3 The Following Information Pertains to the Bank of Kamloops

question 78

Multiple Choice

Table 10-3
The following information pertains to the Bank of Kamloops.
-Refer to the Table 10-3.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves,how much in excess reserves does the Bank of Kamloops now hold?

• A) $5
• B) $25
• C) $60
• D) $65

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