Suppose that Best National Bank currently has $200,000 in demand deposits and $130,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Fill in (dollars):

Best National
Reserves (Dollars) (Dollars)?
Required Reserves (Dollars)?
Excess Reserves (Dollars)?

Reserve = $70,000

Required reserves = $20,000

Excess reserves = $50,000

Explanation:

Given that

Demand deposits = $200,000

Outstanding loans = $130,000

Reserve requirement = 10%

Reserve = Demand deposits - Outstanding loans

= $200,000 - $130,000

=$70,000

Required reserves = Reserve requirement × Demand deposits

= 10% × $200,000

= $20,000

Excess reserves = Reserve - Required reserves

= $70,000 - $20,000

=$50,000

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so, to answer your question 1.

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- courtney

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"