If $1,000 is deposited into a checking account and excess reserves increase by $700, the reserve ratio must be:
If $700 of a $1,000 deposit is in excess reserves, $300 or 30 percent must have been reserved.
269 MCQ for effective preparation of the test of Macroeconomics of Economics section.
Read the MCQ statement: If $1,000 is deposited into a checking account and excess reserves increase by $700, the reserve ratio must be: , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 76-4086.