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Table 29-4. The First Bank of Wahooton

Question 208

Multiple Choice

Table 29-4.
The First Bank of Wahooton
Table 29-4. The First Bank of Wahooton -Refer to Table 29-4.If the bank faces a reserve requirement of 20 percent,then it A) has $10,000 of excess reserves. B) needs $10,000 more reserves to meet its reserve requirements. C) needs $5,000 more reserves to meet its reserve requirements. D) just meets its reserve requirement.
-Refer to Table 29-4.If the bank faces a reserve requirement of 20 percent,then it


A) has $10,000 of excess reserves.
B) needs $10,000 more reserves to meet its reserve requirements.
C) needs $5,000 more reserves to meet its reserve requirements.
D) just meets its reserve requirement.

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