A bank has deposits of $400,reserves of $50,and the desired reserve ratio is 7 percent.The bank's excess reserves are
A)$0.
B)$22.
C)$28.
D)$3.50
E)$50.

Name: A bank has deposits of $400,reserves of $50,and the desired reserve ratio is 7 percent.The bank's excess reserves are A)$0. B)$22. C)$28. D)$3.50 E)$50.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The Answer of A bank has deposits of $400,reserves of $50,and the desired reserve ratio is 7 percent.The bank's excess reserves are
A)$0.
B)$22.
C)$28.
D)$3.50
E)$50.

A Bank Has Deposits of $400,reserves of $50,and the Desired