Suppose That a Bank Has $6,000 in Checkable Deposits and the Required

question 51

Multiple Choice

Suppose that a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2.If the bank wishes to hold no excess reserves,its actual reserves will be

• A)$4,000
• B)$1,200
• C)$3,000
• D)less than $1,000
• E)$4,800

---

Definitions:

Instant Help

Quick access to documentation or support within a software application to assist users with questions or problems.

Indexing

A process used to speed up searches, queries, and retrieval of information by creating an efficient database structure.

Index

A list or compilation of terms, names, or subjects ordered alphabetically at the end of a book, typically with page number references.

Taskbar

A bar at the bottom of a computer screen that offers quick access to open programs and provides notifications.