8. The following is the balance sheet for the Islanders Bank. Reserves 5 000 Demand deposits 60...

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8. The following is the balance sheet for the Islanders’ Bank.

Reserves 5 000 Demand deposits 60 000 Loans 41 000 Shareholders’ equity 10 000 Securities 18 000 Fixed assets 6 000 70 000 70 000

a) If the target reserve ratio is 8 percent, what is the amount of the bank’s target reserves?

b) If the target reserve ratio is 5 percent, what is the amount of its target reserves?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 03:01 AM

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8. The following is the balance sheet for the Islanders Bank. Reserves 5 000 Demand deposits 60...

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Principles Of Macroeconomics

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