Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Lourd Jenkins Lourd Jenkins
wrote...
Go to Answer
Posts: 167
Rep: 36 0
6 years ago
Suppose that a bank begins with $500 million in deposits and $100 million in reserves and is just meeting its desired reserve ratio. Now suppose a decrease in the required reserve ratio lowers the desired reserve ratio to 10 percent. After the fall in the desired reserve ratio but before the bank makes any changes, the bank's excess reserves are
A) 0.
B) $400 million.
C) $450 million.
D) $50 million.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 72 times
1 Reply
Replies
Answer verified by a subject expert
jmg89jmg89
wrote...
#1
Posts: 325
Rep: 15 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

Lourd Jenkins Author
wrote...

6 years ago
Smart ... Thanks!
sadiewolf
wrote...

Yesterday
Thanks
patod1
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1006 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 278
  
 92
  
 1132