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Table 13-2 -Refer to Table 13-2. If the Reserve Requirement Is 20

Question 71

Multiple Choice

Table 13-2
Table 13-2 -Refer to Table 13-2. If the reserve requirement is 20 percent, this bank A) has $10,000 of excess reserves. B) needs $10,000 more reserves to meet its reserve requirements. C) needs $5,000 more reserves to meet its reserve requirements. D) just meets its reserve requirement.
-Refer to Table 13-2. If the reserve requirement is 20 percent, this bank

A) has $10,000 of excess reserves.
B) needs $10,000 more reserves to meet its reserve requirements.
C) needs $5,000 more reserves to meet its reserve requirements.
D) just meets its reserve requirement.

Correct Answer: