Table 29-6.
Bank of Springfield

-Refer to Table 29-6.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 29-6.
Bank of Springfield
 
-Refer to Table 29-6.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 29-6.
Bank of Springfield
 
-Refer to Table 29-6.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 29-6. Bank of Springfield