Question
Bank of Central Texas has $1,105 in checkable deposits, $133 in reserves and loans at $972.Assume that the required reserve ratio is 6%.A customer then
Bank of Central Texas has $1,105 in checkable deposits, $133 in reserves and loans at $972.Assume that the required reserve ratio is 6%.A customer then withdraws $X and afterwards, the bank has zero excess reserves.What is X?
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
