Table 9-3
Balance Sheet of the Alpha-Beta Bank
(All figures in $ million)

-Refer to Table 9-3. If the required reserve ratio is 10%, what is the value of the bank's required reserves?
A) $25 million
B) $40 million
C) $60 million
D) $75 million

Question

Table 9-3
Balance Sheet of the Alpha-Beta Bank
(All figures in $ million)
 
-Refer to Table 9-3. If the required reserve ratio is 10%, what is the value of the bank's required reserves?
A) $25 million 
B) $40 million 
C) $60 million 
D) $75 million

Quizplus · Accepted Answer

The Answer of Table 9-3
Balance Sheet of the Alpha-Beta Bank
(All figures in $ million)
 
-Refer to Table 9-3. If the required reserve ratio is 10%, what is the value of the bank's required reserves?
A) $25 million 
B) $40 million 
C) $60 million 
D) $75 million

Table 9-3 Balance Sheet of the Alpha-Beta Bank