Table 13-2 Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
A) 2 percent.
B) 5 percent.
C) 7 percent.
D) 10 percent.

Question

Table 13-2  Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
A) 2 percent. 
B) 5 percent. 
C) 7 percent. 
D) 10 percent.

Quizplus · Accepted Answer

The Answer of Table 13-2  Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
A) 2 percent. 
B) 5 percent. 
C) 7 percent. 
D) 10 percent.