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zbuild007 zbuild007
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2 months ago
Scenario: Amateur Bank is just starting out and has had the following transactions:

• Amateur Bank takes out a $3,000 loan from Pro Bank.
• Amateur bank has $2,500 invested in building and operations.
• Suzie deposits $1,200.
• Joe deposits $750.
• Robbie takes out a loan for $900.
• Jackie takes out a business loan for $625.
• Amateur Bank invests $1,000 in GoPro.


Refer to the scenario above. How much does Amateur Bank have in excess reserves?

▸ $105

▸ $300

▸ $425

▸ $230
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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mavrik8511mavrik8511
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2 months ago
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$230
1

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zbuild007 Author
wrote...

2 months ago
Smart ... Thanks!
Marctheshark
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
africa143
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2 hours ago
Thank you, thank you, thank you!
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