Multiple Choice
Table 12.2
Refer to Table 12.2.If the reserve requirement is 12 percent and the bank receives a new deposit of $10, 000, then required reserves will increase by _____.
A) $3, 600
B) $2, 400
C) $2, 600
D) $2, 800
E) $1, 200
Correct Answer:
Verified
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