If Bank A's total reserves are $10.8 million, its excess reserves are $4.60 million, and the required reserve ratio is 4%, then Bank A's required reserves equal and its total deposits equal $6.2 million; $105 million $6.6 million; $165 million O $6.6 million; $270 million $6.1 million; $122 million O $6.2 million; $155 million

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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If Bank A's total reserves are $10.8 million, its excess reserves are $4.60 million, and the required
reserve ratio is 4%, then Bank A's required reserves equal
and its total deposits
equal
$6.2 million; $105 million
$6.6 million; $165 million
O $6.6 million; $270 million
O $6.1 million; $122 million
$6.2 million; $155 million
Transcribed Image Text:If Bank A's total reserves are $10.8 million, its excess reserves are $4.60 million, and the required reserve ratio is 4%, then Bank A's required reserves equal and its total deposits equal $6.2 million; $105 million $6.6 million; $165 million O $6.6 million; $270 million O $6.1 million; $122 million $6.2 million; $155 million
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