If the Last Bank of Cedar Bend is holding $10,000 in excess reserves, the reserve requirement is
A.     2 percent.
B.     5 percent.
C.     7 percent.
D.     10 percent.
Answer:D
If the Last Bank of Cedar Bend is holding $10,000 in excess reserves, the reserve requirement is
A.     2 percent.
 B.     5 percent.
 C.     7 percent.
 D.     10 percent.
