Table 29-4

-Refer to Table 29-4. If the Fed's reserve requirement is 6 percent, then what quantity of excess reserves does the Bank of Cheerton now hold?
A)$1,800
B)$900
C)$2,890
D)$5,400

Question

Table 29-4
  ​
-Refer to Table 29-4. If the Fed's reserve requirement is 6 percent, then what quantity of excess reserves does the Bank of Cheerton now hold?
A)$1,800 
B)$900 
C)$2,890 
D)$5,400

Quizplus · Accepted Answer

The Answer of Table 29-4
  ​
-Refer to Table 29-4. If the Fed's reserve requirement is 6 percent, then what quantity of excess reserves does the Bank of Cheerton now hold?
A)$1,800 
B)$900 
C)$2,890 
D)$5,400

Table 29-4 ​

Table 29-4