If the reserve requirement is 10 percent, this bank
A.     is in a position to make a new loan of $15,000.
B.     has less reserves than required.
C.     has excess reserves of less than $15,000.
D.     None of the above are correct.
Answer:C
If the reserve requirement is 10 percent, this bank
A.     is in a position to make a new loan of $15,000.
 B.     has less reserves than required.
 C.     has excess reserves of less than $15,000.
 D.     None of the above are correct.
