If a bank had demand deposits of $80 million and it faced a 25 percent required reserve ratio, it would be required to have how many reserves?
A) $20 million
B) $40 million
C) $60 million
D) $80 million
Correct Answer:
Verified
Q84: Say the required reserve ratio is 10
Q85: Demand deposits are:
A)assets of banks, liabilities of
Q86: U.S. government bonds held by commercial banks
Q87: Which of the following observations concerning money
Q88: Exhibit 17-2
A bank's assets consist of $1,000,000
Q90: Exhibit 17-1
A bank's assets consist of $500,000
Q91: If a bank had demand deposits of
Q92: Exhibit 17-1
A bank's assets consist of $500,000
Q93: Say the required reserve ratio is 20
Q94: Exhibit 17-1
A bank's assets consist of $500,000
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