Suppose a bank has $160,000 in deposits and a required reserve ratio of 10 percent.Then required reserves are
A) $16,000.
B) $160,000.
C) $1,600,000.
D) $1,600.
Correct Answer:
Verified
Q43: When the reserve requirement changes,which of the
Q44: When cash or coins are initially deposited
Q45: One of the essential functions a bank
Q46: Suppose a bank has $200,000 in deposits
Q47: The minimum amount of reserves a bank
Q49: If bank customers decide as a group
Q50: Which of the following is not considered
Q51: The ratio of a bank's total reserves
Q52: Deposit creation occurs when
A)A bank lends money.
B)A
Q53: One of the main functions of banks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents