Solved

Bank Deposits at the Federal Reserve = $40 Billion,vault Cash

Question 117

Multiple Choice

Bank deposits at the Federal Reserve = $40 billion,vault cash = $2 billion,the required reserve ratio = 0.10,and total checkable deposits = $400 billion.It follows that required reserves equal __________ billion,(total) reserves equal __________ billion and excess reserves equal __________ billion.


A) $42; $42; $2
B) $42; $40; $2
C) $2; $40; $38
D) $38; $40; $2
E) $40; $42; $2

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents