Table 29-7. -Refer to Table 29-7. If the Fed Requires a Reserve

question 314

Multiple Choice

Table 29-7.
-Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?

• A)$9,600
• B)$10,800
• C)$10,200
• D)$9,000

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