Refer to the Information Provided in Table 10

question 217

Multiple Choice

Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1
-Refer to Table 10.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its reserves equal

• A) $100.
• B) $200.
• C) $300.
• D) $600.