Exhibit 15-7 Lower Walloon National Bank
In Exhibit 15-7, if the required reserve ratio is increased to 25 percent, the Lower Walloon National bank needs to keep:
A) $2,000 on reserve at all times.
B) $2,500 on reserve at all times.
C) $10,000 on reserve at all times.
D) $0 on reserve at all times.
E) legal and excess reserves equal to each other at all times.
Correct Answer:
Verified
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