Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.

If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

The size of the bank's actual reserves is $44000.

Step-by-step explanation:

The bank has checkable deposits of $150,000 and it has excess reserves of $14,000.

Therefore, the required reserves = 20% of the checkable deposit

= dollars. {As the reserve ratio is 20%}

Now, we know that the bank's actual reserves = The required reserves + The excess reserves

= $(30000 + 14000)

= $44000

Therefore, the size of the bank's actual reserves is $44000. (Answer)

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step-by-step explanation:

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05