Ibrahim deposits $2,000 cash into his checking account. If the reserve requirement is 15%, his bank's excess reserves change by $300.

Name: Ibrahim deposits $2,000 cash into his checking account. If the reserve requirement is 15%, his bank's excess reserves change by $300.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

We cannot determine the change in excess reserves based on the information given. We would need to know the size of the bank's balance sheet and the level of its original reserves to accurately calculate the change.

Ibrahim Deposits $2,000 Cash into His Checking Account