For a bank to have lending power, its required reserves must:
A)be smaller than its legal reserves.
B)exceed its legal reserves.
C)be smaller than its excess reserves.
D)exceed its excess reserves.
E)exceed its vault cash.

Question

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The Answer of For a bank to have lending power, its required reserves must:
A)be smaller than its legal reserves.
B)exceed its legal reserves.
C)be smaller than its excess reserves.
D)exceed its excess reserves.
E)exceed its vault cash.

For a Bank to Have Lending Power, Its Required Reserves