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Table 13-4 -In Table 13-4,if the Bank of Wealth Purchases a $25,000

Question 2

Multiple Choice

Table 13-4
Table 13-4 -In Table 13-4,if the Bank of Wealth purchases a $25,000 government security A) the bank would still have $10,000 in excess reserves. B) the bank would have a reserve deficiency of $25,000. C) the bank would have a reserve deficiency of $15,000. D) the bank would have no excess reserves.
-In Table 13-4,if the Bank of Wealth purchases a $25,000 government security

A) the bank would still have $10,000 in excess reserves.
B) the bank would have a reserve deficiency of $25,000.
C) the bank would have a reserve deficiency of $15,000.
D) the bank would have no excess reserves.

Correct Answer: