-Refer to Table 10-4. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of the Kawarthas now hold?
A) $600
B) $700
C) $1440
D) $1500

Question

-Refer to Table 10-4. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of the Kawarthas now hold?
A) $600 
B) $700 
C) $1440 
D) $1500

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 10-4. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of the Kawarthas now hold?
A) $600 
B) $700 
C) $1440 
D) $1500