Question
Based on the Handout, when Deposits are $99,000, what is the bank's Annual Profit if: The banks pays 1.5% in interest on Deposits The bonds
Based on the Handout, when Deposits are $99,000, what is the bank's Annual Profit if:
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The banks pays 1.5% in interest on Deposits
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The bonds are paying 2% annual interest 800
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The banks customers pay 4% annual interest on their loans 2000
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The Fed pays .5% (1/2 of 1%) annual interest on Reserves 75
Answer:
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Broken Markets A Users Guide To The Post Finance Economy
Authors: Kevin Mellyn
1st Edition
1430242213, 978-1430242215
