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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If the desired reserve ratio is 15 percent, then for every dollar that is deposited in the bank, the bank will
A) keep 15 cents as reserves.
B) keep 85 cents as reserves.
C) keep 85 cents as reserves and loan 85 cents.
D) loan 15 cents.
E) keep 15 cents as reserves and loan 15 cents.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
No problemo Happy Dummy
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