Answered: Assume that a bank has demand deposits…

Assume that a bank has demand deposits of $25,000. If the legal reserve requirement is 15% then the bank’s required reserves are? Question 29 options: a) $21,250 b) $15,000 c) $3750 d) $25,000

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 4WNG

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Question

Assume that a bank has demand deposits of $25,000. If the legal reserve requirement is 15% then the bank’s required reserves are?

Question 29 options:

$21,250

$15,000

$3750

$25,000

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