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Title: Bank of Palermo has $450 million in deposits. The required reserve ratio is 15%. Bank of Palermo mus Post by: NYC on Jan 12, 2016 Bank of Palermo has $450 million in deposits. The required reserve ratio is 15%. Bank of Palermo must keep ________ in reserves.
A) $67.5 million B) $72 million C) $42.5 million D) $30 million Title: Re: Bank of Palermo has $450 million in deposits. The required reserve ratio is 15%. Bank of Palermo Post by: Jesslyn on Jan 17, 2016 Content hidden
Title: Re: Bank of Palermo has $450 million in deposits. The required reserve ratio is 15%. Bank of Palermo mus Post by: NYC on Jan 28, 2016 Perfect answer, thank you
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