When you put 1000 in a demand deposit account the bank must


1. When you put $1000 in a demand deposit account, the bank must add the same amount to their reserve account with the Federal Reserve District Bank

A) True

B) False

2. If a bank has $9000 available for making loans and a $1000 in reserves it has a __________reserve requirement.

A) 90%

B) 10%

C) 20%

D) 9%

E) 11.1%

Request for Solution File

Ask an Expert for Answer!!
Financial Management: When you put 1000 in a demand deposit account the bank must
Reference No:- TGS02245866

Expected delivery within 24 Hours