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Loraine Loraine
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8 years ago
The Banks of the Mississippi has excess reserves of $20,000, desired reserves of $80,000 and the desired reserve ratio is 5 percent. What is the total amount of deposits in this bank?
A) $5,000
B) $1,000,000
C) $1,600,000
D) $100,000
E) $180,000
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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8 years ago
Smart ... Thanks!
alpheratz
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Yesterday
Thanks
7.prime7105
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2 hours ago
Good timing, thanks!
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