• 2022-06-06
    The manager of the bank where you work tells you that your bank has $5 million in excess reserves. She also tells you that the bank has $300 million in deposits and $255 million dollars in loans. Given this information you find that the reserve requirement must be
    A: 50/255.
    B: 40/255.
    C: 50/300.
    D: 40/300.