Table 29-7.
-Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$9,600
B)$10,800
C)$10,200
D)$9,000

Question

Table 29-7. 
-Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$9,600 
B)$10,800 
C)$10,200 
D)$9,000

Quizplus · Accepted Answer

The Answer of Table 29-7. 
-Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?
A)$9,600 
B)$10,800 
C)$10,200 
D)$9,000

Table 29-7. -Refer to Table 29-7. If the Fed Requires a Reserve