The total amount of required reserves in the banking system is equal to the ________ the required reserve ratio and checkable deposits.
A) sum of
B) difference between
C) product of
D) ratio between
Answer: C
The total amount of required reserves in the banking system is equal to the ________ the required reserve ratio and checkable deposits.
A) sum of
B) difference between
C) product of
D) ratio between
Answer: C