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

For a Bank to Have Lending Power, Its Required Reserves