Bank A has checkable deposits of $800,000 and total reserves of $200,000.If the required reserve ratio is 0.15,the bank has required reserves of

Name: Bank A has checkable deposits of $800,000 and total reserves of $200,000.If the required reserve ratio is 0.15,the bank has required reserves of
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Question

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The required reserves are calculated by multiplying the checkable deposits by the required reserve ratio: $800,000 * 0.15 = $120,000.

Bank a Has Checkable Deposits of $800,000 and Total Reserves