Social Studies, 06.12.2019 03:31 daryondaniels28

Abank has $50,000 in checking account deposits and loans of $49,000. of the $49,000 loaned out, $43,000 remains in the checking accounts of the loan recipients. the bank has $50,000 cash on hand, and the reserve requirement is 25%. the amount of its required reserves equals:

a)

$50,000.

b)

$23,250.

c)

$27,000.

d)

$26,750.

Answers: 1

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Abank has $50,000 in checking account deposits and loans of $49,000. of the $49,000 loaned out, $43,...