Which of the following is a true statement?
A) excess reserves = actual reserves - desired reserves
B) excess reserves = deposits - desired reserves
C) excess reserves = deposits - loans
D) excess reserves = loans - desired reserves
E) excess reserves = Bank of Canada deposits
Correct Answer:
Verified
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Q143: The _ the reserve ratio, the _
Q145: Suppose the desired reserve ratio is Rd.Then,
A)desired
Q146: The simple deposit multiplier is the ratio
Q147: Your chequing account balance is included in
Q148: With a desired reserve ratio of 20
Q149: If the desired reserve ratio is Rd,
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