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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 5 percent. If the Federal Reserve lowers the required reserve ratio to 3 percent, then the bank will now have excess reserves of
A) $0.
B) $2,000.
C) $3,000.
D) $5,000.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
Brilliant ツ
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Yesterday
Thank you, thank you, thank you!
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This helped my grade so much Perfect
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