Refer to the information below.The chartered banking system has excess reserves of: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions.
A)$9 billion.
B)$7 billion.
C)$6.1 billion.
D)$5 billion.

Question

Refer to the information below.The chartered banking system has excess reserves of: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions. 
A)$9 billion. 
B)$7 billion. 
C)$6.1 billion. 
D)$5 billion.

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The Answer of Refer to the information below.The chartered banking system has excess reserves of: Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30 percent.All figures are in billions. 
A)$9 billion. 
B)$7 billion. 
C)$6.1 billion. 
D)$5 billion.

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