The legal reserves for this bank are 10 of all deposits, Financial Management

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The legal reserves for this bank are 10 of all deposits

A bank currently has $50 million in stable deposits against which they want to keep 10% reserves, $100 in vulnerable deposits against which they want to keep 40% reserves, and they have $50 million in "hot money" deposits against which they want to keep 90% reserves. The legal reserves for this bank are 10% of all deposits. What is the bank's liability liquidity reserve?

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Financial Management: The legal reserves for this bank are 10 of all deposits

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Financial Management: The legal reserves for this bank are 10 of all deposits

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