Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business
New Topic  
valputin valputin
wrote...
Go to Answer
Posts: 5754
Rep: 3 0
8 years ago
A bank has excess reserves of $1,000 and demand deposit liabilities of $80,000 when the reserve requirement is 25 percent. If the reserve requirement is lowered to 20 percent, the bank's excess reserves will be
A) $1,000.
B) $5,000.
C) $8,000.
D) $9,000.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 136 times
4 Replies
Our course uses > The Economics of Money, Banking and Financial Markets
Replies
Answer verified by a subject expert
MeelaMeela
wrote...
#1
Top Poster
Posts: 5283
Rep: 66 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

valputin Author
wrote...
#2
8 years ago
This is great!
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
#3
8 years ago
Great! Happy to be right Face with Stuck-out Tongue
wrote...
#4
4 years ago
Thank you for the help!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1282 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 303
  
 331
  
 83
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What's your favorite math subject?