Table 21-4.

-Refer to Table 21-4.If the bank is holding $4,000 in excess reserves,then the reserve requirement with which it must comply is
A) 4 percent.
B) 6 percent.
C) 12 percent.
D) 14 percent.

Question

Table 21-4.
 
-Refer to Table 21-4.If the bank is holding $4,000 in excess reserves,then the reserve requirement with which it must comply is
A) 4 percent. 
B) 6 percent. 
C) 12 percent. 
D) 14 percent.

Quizplus · Accepted Answer

The Answer of Table 21-4.
 
-Refer to Table 21-4.If the bank is holding $4,000 in excess reserves,then the reserve requirement with which it must comply is
A) 4 percent. 
B) 6 percent. 
C) 12 percent. 
D) 14 percent.

Table 21-4. -Refer to Table 21-4.If the Bank Is Holding $4,000 in Is