Table 13.1 Refer to Table 13.1.Given a reserve requirement of 8 percent, what is the increase in required reserves when the government purchases $400 worth of government securities?
A)$400
B)$224
C)$32
D)$256
E)$5, 000

Question

Table 13.1  Refer to Table 13.1.Given a reserve requirement of 8 percent, what is the increase in required reserves when the government purchases $400 worth of government securities?
A)$400 
B)$224 
C)$32 
D)$256 
E)$5, 000

Quizplus · Accepted Answer

The Answer of Table 13.1  Refer to Table 13.1.Given a reserve requirement of 8 percent, what is the increase in required reserves when the government purchases $400 worth of government securities?
A)$400 
B)$224 
C)$32 
D)$256 
E)$5, 000

Table 131 Refer to Table 13