Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1
-Refer to Table 10.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its loans equal
A) $1,800.
B) $1,000.
C) $900.
D) $600.

Question

Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1 
-Refer to Table 10.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its loans equal
A) $1,800. 
B) $1,000. 
C) $900. 
D) $600.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1 
-Refer to Table 10.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its loans equal
A) $1,800. 
B) $1,000. 
C) $900. 
D) $600.

Refer to the Information Provided in Table 10