10. The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that

Question

10. The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $375 million dollars in loans. Given this information you find that the reserve requirement must be A. 10/400. 
B. 15/400. 
C. 25/400. 
D. 35/400.

Kunduz · Accepted Answer

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