Table 29-4.
The First Bank of Wahooton

-Refer to Table 29-4.If the bank faces a reserve requirement of 10 percent,then the bank
A) is in a position to make a new loan of $10,000.
B) has fewer reserves than are required.
C) has excess reserves of $12,500.
D) None of the above is correct.

Question

Table 29-4.
The First Bank of Wahooton
 
-Refer to Table 29-4.If the bank faces a reserve requirement of 10 percent,then the bank
A) is in a position to make a new loan of $10,000. 
B) has fewer reserves than are required. 
C) has excess reserves of $12,500. 
D) None of the above is correct.

Quizplus · Accepted Answer

The Answer of Table 29-4.
The First Bank of Wahooton
 
-Refer to Table 29-4.If the bank faces a reserve requirement of 10 percent,then the bank
A) is in a position to make a new loan of $10,000. 
B) has fewer reserves than are required. 
C) has excess reserves of $12,500. 
D) None of the above is correct.

Table 29-4. The First Bank of Wahooton