Assume that your bank has no excess reserves when you deposit a check for $500 in your account. How much in excess reserves will this check create for your bank?
A) $0.
B) $400.
C) $500.
D) Not enough information to answer the question.
Correct Answer:
Verified
Q28: A financial depository institution's reserve account balance
Q29: A financial depository institution's reserve requirement is
Q30: A financial depository institution's required reserves are:
A)
Q31: Excess reserves are equal to:
A) actual reserves
Q32: Excess reserves:
A) equal actual reserves minus required
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Q38: The CKN Bank has actual reserves of
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