The FUN Bank Has No Excess Reserves When a New

question 156

Multiple Choice

The FUN Bank has no excess reserves when a new deposit of $20,000 is made.The desired reserve ratio is 5 percent.After the deposit,but before making any loans,how much does The FUN Bank have in excess reserves?

• A)$1,000
• B)$20,000
• C)$9,000
• D)$19,000
• E)$21,000

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