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NEED ASAP Question 6 {1 point] J Saved Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10
NEED ASAP
Question 6 {1 point] J Saved Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10 percent to 6 percent. By how much will bank deposits increase? Provide your answer in dollars measured in thousands rounded to two decimal places. Do not include any symbols, such as "S," "=," "%," or "," in your answer. Assets Liabilities Reserves 510 thousand Deposits $100 thousand Your Answer: Answer Question 7 {1 point] Consider the iollowing simplified balance sheet for a bank. If the required reserve ratio is 10 percent, by how much can the bank increase its loans? Provide your answer in dollars measured in thousands rounded to two decimal places. Do not include any symbols, such as "S, , Eli," or "," in your answer. Assets Liabilities Reserves $3.13 thousand Deposits 53.? thousandStep by Step Solution
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