If a bank has deposits of $250 million, reserves that total $30 million and has a required reserve rate of 10 percent:
A. the bank is short of required reserves.
B. the bank has excess reserves of $3 million.
C. the bank has excess reserves of $27.5 million.
D. the bank has excess reserves of $5 million.
Answer: D
Economics
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The Condorcet voting paradox shows that outcomes based on dictatorial preferences do not always obey the property of transitivity
a. True b. False Indicate whether the statement is true or false
Economics
All of the following are automatic fiscal stabilizers EXCEPT
A) a congressionally mandated decrease in tax rates to stimulate the economy.
B) a decrease in unemployment compensation payments during an expansion.
C) a decrease in overall tax revenues during a recession.
D) an increase in unemployment expenditures during a recession.
Economics