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1. Under a fractional reserve banking system, a. member banks keep all of their

ID: 1245020 • Letter: 1

Question

1. Under a fractional reserve banking system, a. member banks keep all of their deposits on hand as reserves. b. member banks keep a fraction of their deposits on hand as reserves. c. member banks keep all of their reserves on hand as deposits. d. member banks keep a fraction of their reserves on hand as deposits 2. The required reserve ratio is 10%. The bank has $500,000 in transaction deposits, $400,000 in savings deposits and $100,000 in government securities. The amount that the bank is required to hold in reserves is a. 50,000. b. 90,000. c. 60,000. d. 100,000.

Explanation / Answer

b. member banks keep a fraction of their deposits on hand as reserves.

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