MC Qu. 35-146 (Algo) Refer to the accompanying table. If... Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million 10 Noncheckable personal savings and time deposits Refer to the accompanying table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are Multiple Choice $1.2 million. $30 million. $3 million. $1.8 million.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 8RQ: What are some ways that someone looking for a loan might reassure a bank that is faced with...
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MC Qu. 35-146 (Algo) Refer to the accompanying table. If...
Type of Deposit
Reserve Requirement
Checkable Deposits
$7.8 - 48.3 Million
3%
Over $48.3 Million
10
Noncheckable personal savings and time
deposits
Refer to the accompanying table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are
Multiple Choice
$1.2 million.
$30 million.
$3 million.
$1.8 million.
Transcribed Image Text:MC Qu. 35-146 (Algo) Refer to the accompanying table. If... Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million 10 Noncheckable personal savings and time deposits Refer to the accompanying table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are Multiple Choice $1.2 million. $30 million. $3 million. $1.8 million.
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