Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its required reserves balance will be:
a. $0.
b. $90.
c. $100.
d. $900.
e. $910
c
Economics
a. $0.
b. $90.
c. $100.
d. $900.
e. $910
c