Table 29-6

-Refer to Table 29-6.If the reserve requirement is 10% than People's bank
A)has excess reserves of over $2 million dollars.
B)has excess reserves of under $2 million dollars.
C)currently needs to increase its reserves by less than $2 million to meet the reserve requirement.
D)currently needs to increase its reserves by more than $2 million to meet the reserve requirement.

Question

Table 29-6
 
-Refer to Table 29-6.If the reserve requirement is 10% than People's bank
A)has excess reserves of over $2 million dollars. 
B)has excess reserves of under $2 million dollars. 
C)currently needs to increase its reserves by less than $2 million to meet the reserve requirement. 
D)currently needs to increase its reserves by more than $2 million to meet the reserve requirement.

Quizplus · Accepted Answer

The Answer of Table 29-6
 
-Refer to Table 29-6.If the reserve requirement is 10% than People's bank
A)has excess reserves of over $2 million dollars. 
B)has excess reserves of under $2 million dollars. 
C)currently needs to increase its reserves by less than $2 million to meet the reserve requirement. 
D)currently needs to increase its reserves by more than $2 million to meet the reserve requirement.

Table 29-6 -Refer to Table 29-6.If the Reserve Requirement Is 10% Than