Assume that the reserve requirement is 10 percent. A $1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____

a. $10,000.
b. $500.
c. $100.
d. $1,500.
e. $10.

c

Economics

You might also like to view...

Distinguish between real GDP and potential GDP and describe how each grows over time

What will be an ideal response?

Economics

At the competitive equilibrium quantity supplied equals quantity demanded in all markets

Indicate whether the statement is true or false

Economics