Mathematics, 11.03.2020 22:49 brittanysanders
Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.
If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
Answers: 3
dollars. {As the reserve ratio is 20%}
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Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.
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