Refer to the information below.When the desired reserve ratio is 25 percent, the excess reserves of this single bank are:
A)zero dollars.
B)$1,000
C)$5,000
D)$30,000

Question

Refer to the information below.When the desired reserve ratio is 25 percent, the excess reserves of this single bank are: 
A)zero dollars. 
B)$1,000 
C)$5,000 
D)$30,000

Quizplus · Accepted Answer

The Answer of Refer to the information below.When the desired reserve ratio is 25 percent, the excess reserves of this single bank are: 
A)zero dollars. 
B)$1,000 
C)$5,000 
D)$30,000

Refer to the Information Below