Top Posters
Since Sunday
T
3
s
3
o
3
G
3
k
3
C
3
a
3
K
3
f
3
j
3
b
3
c
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
ssi15 ssi15
wrote...
Go to Answer
Posts: 155
Rep: 0 0
A year ago
The following table lists some statistics on Boring Bank.

CategoryAmount (dollars)
Reserves________
Demand deposits200
Long-term debt________
Cash equivalents80
Short-term borrowing95
Long-term investments230

Refer to the table above. If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves, how much in total reserves does the bank have?

▸ $20

▸ $60

▸ $40

▸ $100
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 161 times
1 Reply
Replies
Answer verified by a subject expert
vicky12345vicky12345
wrote...
#1
Posts: 132
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ssi15 Author
wrote...

A year ago
Brilliant ツ
Jadakiss
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
DragonHeart
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1086 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 341
  
 303
  
 381
Your Opinion
What's your favorite funny biology word?
Votes: 336
Previous poll results: What's your favorite coffee beverage?