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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5 percent, Fershur Bank's
A) desired reserves increase by $4,000.
B) assets and its liabilities change in opposite directions.
C) desired reserves increase by $200 and its excess reserves increase by $3,800.
D) excess reserves increase by $4,000.
E) liabilities do not change but its assets increase.
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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9 years ago
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9 years ago
No problemo Happy Dummy
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