Assume that the National Bank of Canada has demand deposits of $ 1 0 0 , 0 0 0 and the desired reserve ratio is

Question

62 users unlocked this solution today!

Assume that the National Bank of Canada has demand deposits of $$100,000$ and the desired reserve ratio is $15$ percent. If the National Bank's desired and excess reserves are equal, then its actual cash reserves:

Multiple Choice

cannot be determined from the given information.

are $$20,000.$

are $$30,000.$

are $$25,000.$

$$ are $$10,000.$