The Banks of the Mississippi has excess reserves of $20,000, desired reserves of $80,000 and the desired reserve ratio is 5 percent. What are the total amount of deposits in this bank?
A) $100,000
B) $1,600,000
C) $1,000,000
D) $180,000
E) $5,000
Correct Answer:
Verified
Q117: If a single bank has $25,000 in
Q118: Credit cards are
A)a form of money used
Q119: A bank has $250 in checking deposits,
Q120: M2 equals
A)M1 and is just another name
Q121: Money is best defined as
A)anything that is
Q123: If the currency drain ratio is 0.2
Q124: The monetary base is equal to
A)Federal Reserve
Q125: An increase in the currency drain ratio
A)decreases
Q126: Open market operations are the
A)lending of reserves
Q127: The objects we use as money today
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