Table 16-6.
-Refer to Table 16-6. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$1,200
B)$2,400
C)$2,880
D)$4,800

Question

Table 16-6. 
-Refer to Table 16-6. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$1,200 
B)$2,400 
C)$2,880 
D)$4,800

Quizplus · Accepted Answer

The Answer of Table 16-6. 
-Refer to Table 16-6. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$1,200 
B)$2,400 
C)$2,880 
D)$4,800

Table 16-6. -Refer to Table 16-6. If the Fed Requires a Reserve