Question
Assume that the First National Bank of Kent has a balance sheet as given below for the following question. Assets Liabilities Reserves $ 900 Deposits
Assume that the First National Bank of Kent has a balance sheet as given below for the following question.
Assets Liabilities Reserves $ 900 Deposits $5,000 loans $3,000 bonds $1,100
If the reserve requirement is 10%, how many excess reserves does the Bank of Kent have?
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
