The Manager of the Bank Where You Work Tells You

question 120

Multiple Choice

The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans.If the reserve requirement is 8.5 percent,how much is the bank holding in excess reserves?

• A)$15 million
• B)$19.5 million
• C)$25.5 million
• D)$0 million

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