The Manager of the Bank Where You Work Tells You

question 31

Multiple Choice

The manager of the bank where you work tells you that your bank has $6 million in excess reserves.She also tells you that the bank has $400 million in deposits and $362 million dollars in loans.Given this information you find that the reserve requirement must be

• A)44/400.
• B)6/362.
• C)38/400.
• D)32/400.

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Definitions:

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