Table 13-2

-Refer to Table 13-2. If the reserve requirement is 20 percent, this bank
A)has $10,000 of excess reserves.
B)needs $10,000 more reserves to meet its reserve requirements.
C)needs $5,000 more reserves to meet its reserve requirements.
D)just meets its reserve requirement.

Question

Table 13-2
 
-Refer to Table 13-2. If the reserve requirement is 20 percent, this bank
A)has $10,000 of excess reserves. 
B)needs $10,000 more reserves to meet its reserve requirements. 
C)needs $5,000 more reserves to meet its reserve requirements. 
D)just meets its reserve requirement.

Quizplus · Accepted Answer

The Answer of Table 13-2
 
-Refer to Table 13-2. If the reserve requirement is 20 percent, this bank
A)has $10,000 of excess reserves. 
B)needs $10,000 more reserves to meet its reserve requirements. 
C)needs $5,000 more reserves to meet its reserve requirements. 
D)just meets its reserve requirement.

Table 13-2 -Refer to Table 13-2. If the Reserve Requirement Is 20