ECONOMICS (CBSE/UGC NET)

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ECONOMICS

FEDERAL RESERVE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Assume a bank has total deposits of $100, 000 and $10, 000 is set aside to meet reserve requirements of the Fed. Its required reserve ratio is:
A
$10, 000
B
10%
C
0.1%
D
1%
Explanation: 
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