Question
The bank has $2,000,000 in deposits.Required reserves are 10%.Calculate how much the bank must keep in reserves and how much the bank can loan out.
The bank has $2,000,000 in deposits.Required reserves are 10%.Calculate how much the bank must keep in reserves and how much the bank can loan out.
The bank has $4,500,000 in deposits.Required reserves are 20%.Calculate how much the bank must keep in reserves and how much the bank can loan out.
The bank has $300,000,000 in deposits.If they must have 3% required reserves for the first $50,000,000 and 10% on deposits above that, what is the required reserves?What if they currently hold $28,000,000 in reserves?Is there excess reserves?If so, how much?What would they do with the excess reserves?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
