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Please my answers; Assume a target reserve ratio of 15%.A cheque for $30000 is drawn on an account in Bank B and deposited in a
Please my answers;
Assume a target reserve ratio of 15%.A cheque for $30000 is drawn on an account in Bank B and deposited in a checking deposit in Bank A. Round your final answers to 2 decimal places, if necessary. Do not enter com ma . or dollar sign ($) while entering your answer. a. By how much have the excess reserves of Bank A increased? ! 255 b. How much in the form of new loans is BankA now able to extend to borrowers? 2550 f") . By how much have reserves of Bank B decreased? 3 000 CI. . By how much have excess reserves of Bank B decreased? 3 000 e. By how much has the money supply increased? 2001Step by Step Solution
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