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peep232 peep232
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Posts: 101
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6 years ago
In August 2007, Sun Trust Bank has $83 million in loans and $114 million in M1 deposits. If Sun Trust is holding $4 million in reserves, the bank's reserve ratio is
A) $31 million.
B) 4.8 percent
C) 3.5 percent.
D) 72.8 percent.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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k9ikikik9ikiki
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Posts: 342
6 years ago
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peep232 Author
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6 years ago
This site is awesome
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
Thanks for your help!!
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