Question
A bank operates with reserves of $100, loans of $300 and securities of $100 . The bank's only liability is deposits of $400 since it
A bank operates with reserves of $100, loans of $300 and securities of $100 . The bank's only liability is deposits of $400 since it has zero debt. Calculate the bank's leverage ratio.
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
