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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 2
If a bank has $100 million in deposits and $18 million in reserves with a reserve requirement of 0.15,
( a ) How much are its required reserves?
( b ) How much excess reserves does it have?
( c ) How much can it lend?
( a ) How much are its required reserves?
( b ) How much excess reserves does it have?
( c ) How much can it lend?
Explanation
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(a) Total deposits with bank = $100 mill...
Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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