Top Posters
Since Sunday
s
3
3
d
3
s
2
c
2
G
2
y
2
t
2
2
k
2
j
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
valputin valputin
wrote...
Go to Answer
Posts: 5754
Rep: 3 0
8 years ago
If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the excess reserves-checkable deposit ratio is
A) 0.72.
B) 1.56.
C) 0.48.
D) 0.56.
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 227 times
3 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
@valputin,

Happy to help Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1528 People Browsing
 102 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 269
  
 961
  
 1087
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Which is the best fuel for late night cramming?