Business, 15.07.2019 03:00 dmccray3357

The manager of the bank where you work tells you that the bank has $400 million in deposits and $340 million dollars in loans. the fed then raises the reserve requirement from 5 percent to 10 percent. assuming everything else stays the same, how much is the bank holding in excess reserves after the increase in the reserve requirement?

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The manager of the bank where you work tells you that the bank has $400 million in deposits and $340...