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ssi15 ssi15
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3 months 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:
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vicky12345vicky12345
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3 months ago
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$60
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ssi15 Author
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3 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Chaldoren
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Yesterday
Thanks for your help!!
AlahuKakpar
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2 hours ago
Correct Slight Smile TY
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