dieulynx2281 dieulynx2281

01-07-2021
Business

contestada

bank holds $10 for every $100 in deposits. The bank wants to hold $9 for every $100 in deposits. The bank holds desired reserves of $7 comma 000 and actual reserves of $12 comma 000 . What is the actual reserve ratio, the desired reserve ratio, and the excess reserves ?

Respuesta :

Parrain Parrain

01-07-2021

Answer:

Actual reserve ratio = Money that bank holds per deposit

= 10 / 100

= 10%

Desired reserve ratio = Money banks wants to hold per deposit

= 9 / 100

= 9%

Excess reserves = Actual reserves - desired reserves

= 12,000 - 7,000

= $5,000

Answer Link

Otras preguntas

When a sparkler is twirled rapidly, people perceive a circle of light. This occurs because:______. a. the trail you see is caused by sparks left behind from the

Sasha is a public affairs specialist with the Department of Defense in Washington. Historically, government jobs have been known for stability and good benefits

DirectProtect is an insurance provider that uses telemarketers rather than insurance agents to sell its insurance and to deal with claims. It wants to introduce

If all the people in New York City were to disappear, what force of nature would cause the most damage to the city's infrastructure? A. Water B. Invasive plants

Civil wars and terrorism resulted from poorly drawn country borders T or F

What types of natural resources have made the United States and Canada wealthy?

Who recorded the physiological responses of volunteers who came to their research lab to either masturbate or have intercourse? a. Masters and Johnson b. Hase

I How did America respond to the bombing at Pearl Harbor?

"My friends hang out after school and drink. They told me that I better start drinking too if I want to hang out with them at school and after." A. put down B.

Can physical symptoms be caused by thoughts? Explain why it is or isn’t possible. Be sure to provide justification from the readings for your reasoning.