Business, 25.12.2019 23:31 sherlock19
Adepositor places $750 in cash in a commercial bank, and the reserve ratio is 33 1/3%; the bank sends the $750 to the federal reserve bank. as a result, the reserves and excess reserves of the bank have been increased, respectively, by:
a. $750 and $250
b. $750 and $500
c. $750 and $750
d. $500 and $500
Answers: 3
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Adepositor places $750 in cash in a commercial bank, and the reserve ratio is 33 1/3%; the bank sen...
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