Multiple Choice
If the desired reserve ratio is 3 per cent and deposits totalled $575 billion, banks would hold
A) $17.25 billion in reserves.
B) $17.25 billion in excess reserves.
C) $557.75 billion in reserves.
D) $1,725 billion in currency.
Correct Answer:
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Related Questions
Q3: Q5: A medium of exchange is Q6: M1 is a measure of Q7: The opportunity cost of holding money increases Q9: Controlling the quantity of money and interest Q10: Reserves are .
A)the thing traded
A)money and includes
A)gold in a bank's vault
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