Question
A new bank has vault cash of $1.9 million and $5 million in deposits held at its Federal Reserve District Bank. Bank deposits total $86
A new bank has vault cash of $1.9 million and $5 million in deposits held at its Federal Reserve District Bank.
Bank deposits total $86 million (Part A)
b. If the bank holds $71 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied?
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
