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.