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Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Suppose a commercial bank's required reserves are $100,000, and the required reserve ratio is162/3%. What must its deposits be?

category

economics

options

  1. $750,000
  2. $900,000
  3. $1,000,000
  4. $800,000
  5. $600,000
  6. $700,000
  7. $650,000
  8. $500,000
  9. $550,000
  10. $450,000

src

stemez-Economics

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