Business, 24.04.2020 21:57 jalenevoyles
Let's suppose that a bank has $700 million in total deposits. This bank is subject to a 20% required reserve ratio and has $120 million in
reserves. Which of the following statements is correct?
A. The bank has insufficient reserves. It needs an additional $560 million to meet the reserve requirement.
B. The bank has $116 million in excess reserves.
C. The bank has insufficient reserves. It needs an additional $20 million to meet the reserve requirement.
D. The bank has no excess reserves.
E. The bank has $24 million in excess reserves.
Answers: 3
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Let's suppose that a bank has $700 million in total deposits. This bank is subject to a 20% required...
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