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The following table lists some statistics on Boring Bank.CategoryAmount ...

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The following table lists some statistics on Boring Bank.CategoryAmount ...

The following table lists some statistics on Boring Bank.

Category	Amount (dollars)
Reserves	________
Demand deposits	200
Long-term debt	________
Cash equivalents	80
Short-term borrowing	95
Long-term investments	230

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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 138 times

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