Use the balance sheet for the following questions.
Table 29-3

-Refer to Table 29-3.If the Last Bank of Cedar Bend 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

Use the balance sheet for the following questions.
Table 29-3
 
-Refer to Table 29-3.If the Last Bank of Cedar Bend 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 Use the balance sheet for the following questions.
Table 29-3
 
-Refer to Table 29-3.If the Last Bank of Cedar Bend is holding $10,000 in excess reserves,then the reserve requirement is
A)2 percent. 
B)5 percent. 
C)7 percent. 
D)10 percent.

Use the Balance Sheet for the Following Questions