-Refer to Table 10-2. If the Last Bank of Panorama Springs is holding $4000 in excess reserves, what is the reserve requirement?
A) 8 percent
B) 9 percent
C) 10 percent
D) 12 percent

Question

-Refer to Table 10-2. If the Last Bank of Panorama Springs is holding $4000 in excess reserves, what is the reserve requirement?
A) 8 percent 
B) 9 percent 
C) 10 percent 
D) 12 percent

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 10-2. If the Last Bank of Panorama Springs is holding $4000 in excess reserves, what is the reserve requirement?
A) 8 percent 
B) 9 percent 
C) 10 percent 
D) 12 percent