Question
If total bank reserves are $17.4bln., excess reserves are $0.5bln., and total deposits are $114.1bln., what is the reserve requirement ratio, in %, to the
If total bank reserves are $17.4bln., excess reserves are $0.5bln., and total deposits are $114.1bln., what is the reserve requirement ratio, in %, to the nearest 0.01%? (E.g., if your answer is 5.833%, record it as 5.83.)
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
