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The Intracoastal Bank has $5 million in deposits and $500,000 in reserves. If the required reserve ...

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The Intracoastal Bank has $5 million in deposits and $500,000 in reserves. If the required reserve ...

Question 1.

Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ________ in reserves.

▸ $275 million

▸ $145 million

▸ $120 million

▸ $75 million

Question 2.

The Intracoastal Bank has $5 million in deposits and $500,000 in reserves. If the required reserve ratio is 5%, excess reserves are equal to

▸ zero.

▸ $125,000.

▸ $250,000.

▸ $500,000.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 60 times

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