Determining the bank excess reserves


Suppose that a bank has checkable deposits of $500, loans of $400 and reserves of $100. If the required reserve ratio is 6%, what are this bank's excess reserves?

$70

$60

$90

$30

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determining the bank excess reserves
Reference No:- TGS045385

Expected delivery within 24 Hours