2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The
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2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves? LO15.2
a. $100 million.
c. $12 million.
b. $88 million.
d. $2 million.
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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