Suppose a bank has $1 million in deposits, a reserve ratio of 25%, and reserves of $250,000. This ...

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Suppose a bank has $1 million in deposits, a reserve ratio of 25%, and reserves of $250,000. This ...

Suppose a bank has $1 million in deposits, a reserve ratio of 25%, and reserves of $250,000. This bank has excess reserves of
A) $250,000.
B) $125,000.
C) $62,500.
D) $0.

Textbook

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

Read 64 times

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