hollym9591 hollym9591

13-01-2021
Business

contestada

Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is the required reserve ratio

Respuesta :

Ritmeks Ritmeks

16-01-2021

Answer:

5%

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

Answer Link

Otras preguntas

A business firm can sometimes predict whether a given action is legal. a. True b. False

What is 4 7/10+ 2 1/4

How does stomata regulates homeostasis

By what percent will the product of two numbers decrease if one of them is increased by 30% and the other is decreased by 30%?

What types of goods were traded during the sui dynasty?

Christianity became the official religion of the Roman Empire under the reign of

What might happen if we didn't have an organized legal system?

At the frozen yogurt shop, a machine fills cups with 4 ounces of frozen yogurt before adding the toppings. After the cups are filled, customers add as many topp

Please try and do q2 and maybe 3,45 POINTS

harry invests £6000 in a savings account. the account pays 3.4% compound interest per year. work out the value of his investment per year. work out the value of