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Scenario: Amateur Bank is just starting out and has had the following transactions: Amateur Bank ...

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Scenario: Amateur Bank is just starting out and has had the following transactions: Amateur Bank ...

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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 314 times

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