Suppose that serendipity bank has excess reserves of 12000


Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000.

If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

Solution Preview :

Prepared by a verified Expert
Business Economics: Suppose that serendipity bank has excess reserves of 12000
Reference No:- TGS02930433

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)