Table 29-5

-Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold?
A)$1,200
B)$2,400
C)$2,880
D)$3,000

Question

Table 29-5
 
-Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold?
A)$1,200 
B)$2,400 
C)$2,880 
D)$3,000

Quizplus · Accepted Answer

The Answer of Table 29-5
 
-Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold?
A)$1,200 
B)$2,400 
C)$2,880 
D)$3,000

Table 29-5 -Refer to Figure 29-5.If the Fed Requires a Reserve Ratio