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The Bank of Mesquite has $2 million in deposits and $550,000 in reserves. If excess reserves are ...

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The Bank of Mesquite has $2 million in deposits and $550,000 in reserves. If excess reserves are ...

Question 1.

The Bank of Biscayne has $12 million in deposits and $800,000 in reserves. If the required reserve ratio is 5%, excess reserves are equal to

▸ $720,000.

▸ $600,000.

▸ $200,000.

▸ $40,000.

Question 2.

The Bank of Mesquite has $2 million in deposits and $550,000 in reserves. If excess reserves are equal to $150,000, the required reserve ratio is

▸ 15%.

▸ 20%.

▸ 35%.

▸ 65%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 112 times

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