Question
Suppose a particular bank's policy is maintain 15% of deposits as reserves. The bank currently has $50 million in deposits and holds $1.5 million in
Suppose a particular bank's policy is maintain 15% of deposits as reserves. The bank currently has $50 million in deposits and holds $1.5 million in excess reserves.What is the required reserve on a new deposit of $100,000?
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World Economic And Social Survey 2012 In Search Of New Development Finance
Authors: United Nations Department Of Economic And Social Affairs
1st Edition
9210555112, 9789210555111
