Use the information in the bank balance sheet below to answer these questions. T

Question

Use the information in the bank balance sheet below to answer these questions. The required reserve ratio is 0.25, or 25%. -------------------------------------------------------------------------------- Assets Liabilities -------------------------------------------------------------------------------- Reserves $1,200 Deposits $4,000 Loans $2,800 -------------------------------------------------------------------------------- Total $4,000 Total $4,000 -------------------------------------------------------------------------------- 6.1. How much in required reserves does this bank have? A. $2,800 B. $1,200 C. $400 D. $200

Explanation / Answer

The answer is "D"

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