Table 16-4.
-Refer to Table 16-4. If the bank is holding $4,000 in excess reserves, then the reserve requirement with which it must comply is
A)4 percent.
B)6 percent.
C)12 percent.
D)14 percent.

Question

Table 16-4. 
-Refer to Table 16-4. If the bank is holding $4,000 in excess reserves, then the reserve requirement with which it must comply is
A)4 percent. 
B)6 percent. 
C)12 percent. 
D)14 percent.

Quizplus · Accepted Answer

The Answer of Table 16-4. 
-Refer to Table 16-4. If the bank is holding $4,000 in excess reserves, then the reserve requirement with which it must comply is
A)4 percent. 
B)6 percent. 
C)12 percent. 
D)14 percent.

Table 16-4. -Refer to Table 16-4. If the Bank Is Holding $4,000