required reserve: 20.00loans: 80.00deposit: 100.001. what is the reserve ratio f bank keeps 15 in...

Question

required reserve: 20.00loans: 80.00deposit: 100.001. what is the reserve ratio f bank keeps 15 in excess2. If 1000 is deposited, what is total and excess reserve3. formula fr reserve ratio

Robert · Accepted Answer

Dear student, I have worked out the solutions based on the figures given. But I feel there could 
be a printing mistake in the amounts given in the question, especially in part 2, where deposits 
of a higher amount are made than the existing. Please check if the figures are correct and you 
can get back to me if you have difficulty in understanding any part.

required reserve: 20.00 loans: 80.00 deposit: 100.00 1. what is the reserve ratio f bank keeps 15 in excess 2. If 1000 is deposited, what is total and excess reserve 3. formula fr reserve ratio

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment