The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the bank has $800 million in deposits and $738 million in loans. Given this information you find that the reserve requirement must be
A)7.8 percent.
B)0.8 percent.
C)10.8 percent.
D)7.0 percent.

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The Answer of The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the bank has $800 million in deposits and $738 million in loans. Given this information you find that the reserve requirement must be
A)7.8 percent.
B)0.8 percent.
C)10.8 percent.
D)7.0 percent.

The Manager of the Bank Where You Work Tells You