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jmoney5 jmoney5
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5 years ago

Question 1.

The Bank of Arugula has $9 million in deposits and $900,000 in reserves. If the required reserve ratio is 10%, excess reserves are equal to



▸ $180,000.

▸ $90,000.

▸ $81,000.

▸ zero.

Question 2.

The Bank of Red Oak has $2 million in deposits and $400,000 in reserves. If excess reserves are equal to $100,000, the required reserve ratio is



▸ 5%.

▸ 10%.

▸ 15%.

▸ 20%.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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gdchavis1gdchavis1
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5 years ago
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jmoney5 Author
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5 years ago
Thanks for your help!!
ethom947
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jodie1
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2 hours ago
this is exactly what I needed
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