Discover new information and get your questions answered with IDNLearn.com. Ask your questions and receive accurate, in-depth answers from our knowledgeable community members.
If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?
A. $450 B. $400 C. $5,000 D. $550
Sagot :
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.
