The Manager of the Bank Where You Work Tells You

question 62

Multiple Choice

The manager of the bank where you work tells you that your bank has $10 million in excess reserves.She also tells you that the bank has $400 million in deposits and $375 million dollars in loans.Given this information you find that the reserve requirement must be

• A)10/400.
• B)25/400.
• C)35/400.
• D)15/400.

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Definitions:

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The act of being the first to explore or introduce a new area, product, or idea.

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