Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
NYC NYC
wrote...
Go to Answer
Posts: 4146
Rep: 0 0
8 years ago
Bank of Palermo has $450 million in deposits. The required reserve ratio is 15%. Bank of Palermo must keep ________ in reserves.
A) $67.5 million
B) $72 million
C) $42.5 million
D) $30 million
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
Read 131 times
2 Replies
Replies
Answer verified by a subject expert
JesslynJesslyn
wrote...
#1
Top Poster
Posts: 2058
Rep: 45 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

NYC Author
wrote...
#2
8 years ago
Perfect answer, thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1287 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 172
  
 4431
  
 2443
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Who will win the 2024 president election?