Question
Suppose that National Bank of Guerneville has $3030 million in checkable deposits, Commonwealth Bank has $4747 million in checkable deposits, and the required reserve ratio
Suppose that National Bank of Guerneville has $3030 million in checkable deposits, Commonwealth Bank has $4747 million in checkable deposits, and the required reserve ratio for checkable deposits is 10%. If National Bank of Guerneville has $4 million in reserves and Commonwealth has $5 million in reserves, how much in excess reserves does each bank have?
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
