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Answer the Question on the Basis of the Following Information

Question 69

Multiple Choice

Answer the question on the basis of the following information for the Moolah Bank.  Reserves $100 Checkable Deposits 1,000 Loans (to customers)  300 Property 400 Securities (owned)  300 Stock Shares 100\begin{array} { l r } \text { Reserves } & \$ 100 \\\text { Checkable Deposits } & 1,000 \\\text { Loans (to customers) } & 300 \\\text { Property } & 400 \\\text { Securities (owned) } & 300 \\\text { Stock Shares } & 100\end{array} Refer to the information.If Moolah Bank is legally "loaned up," the reserve requirement must be:


A) 10 percent.
B) 15 percent.
C) 20 percent.
D) 25 percent.

Correct Answer:

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