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Bank of Mt. Etna has $500 million in deposits. Bank of Mt. Etna is meeting its reserve requirement ...

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Bank of Mt. Etna has $500 million in deposits. Bank of Mt. Etna is meeting its reserve requirement ...

Question 1.

A commercial bank lists net worth as

▸ an asset.

▸ a liability.

▸ retained earnings.

▸ excess reserves.

Question 2.

Bank of Mt. Etna has $500 million in deposits. Bank of Mt. Etna is meeting its reserve requirement and has no excess reserves. It has $75 million in reserves. Bank of Mt. Etna faces a required reserve ratio of

▸ 15%.

▸ 25.5%.

▸ 45%.

▸ 47.2%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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Coltonht Author

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this is exactly what I needed

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This site is awesome

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Thanks for your help!!

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