Question
Bank of Yoho has $210 in reserves, $1,810 in loans and $2,020 for checkable deposits. If the required reserve ratio is 6%, then the required
Bank of Yoho has $210 in reserves, $1,810 in loans and $2,020 for checkable deposits. If the required reserve ratio is 6%, then the required reserves are _____ and the bank's excess reserves are _____.
Group of answer choices
$101.2; $108.8
$101.2; $88.8
$121.2; 108.8
$121.2; $88.8
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
