If the required reserve ratio is .25, demand deposits are $400 million, and total reserves are $150 million, then excess reserves are

Name: If the required reserve ratio is .25, demand deposits are $400 million, and total reserves are $150 million, then excess reserves are
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The required reserves are 25% of $400 million, which is $100 million. Total reserves are $150 million, so excess reserves are $150 million - $100 million = $50 million.

If the Required Reserve Ratio Is