If a Bank Holds $20,000 in Desired Reserves in Order

question 112

Multiple Choice

If a bank holds $20,000 in desired reserves in order to meet a desired reserve ratio of 40 percent,demand deposits must equal

• A)$20,000.
• B)$40,000.
• C)$50,000.
• D)$100,000.

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Definitions:

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Dudley George was an Indigenous activist from the Ojibway nation killed in 1995 during a land claims protest in Ipperwash Provincial Park, Ontario, Canada.

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