Question: Use Table 1 to answer questions 1 and 2. Assume that the Federal Reserve prints $149.00 in currency and uses the $149.00 in currency to

Use Table 1 to answer questions 1 and 2. Assume that the Federal Reserve prints $149.00 in currency and uses the $149.00 in currency to buy Treasury securities from the government. The government spends the $149.00, somebody earns it and they deposit into Bank A. The required reserve ratio is 7.00%. Bank A B- C D E Total What are the Reserves in Bank E? O $9.02 O $8.39 O $7.80 $9.50 Table 1 Deposits Loans Reserves

Use Table 1 to answer questions 1 and 2 . Assume that the Federal Reserve prints $149.00 in currency and uses the $149.00 in currency to buy Treasury securities from the government. The government spends the $149.00, somebody earns it and they depsit into Bank A. The required reserve ratio is 7.00%. What are the Reserves in Bank E? $9.02 $8.39 $7.80 $9.50

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