The following table shows a T-account for Bank A in a new economy.

-Refer to the table above.If Bank A maintained the same reserve ratio,but its deposits increased to $15,000,how much in reserves must the bank now hold?

Question

The following table shows a T-account for Bank A in a new economy.
 
-Refer to the table above.If Bank A maintained the same reserve ratio,but its deposits increased to $15,000,how much in reserves must the bank now hold?

Quizplus · Accepted Answer

Given that the reserve ratio remains the same, and assuming the original reserve ratio can be derived from the information provided (though not directly shown in the question), the increase in deposits to $15,000 means the bank must hold a proportionate amount in reserves. If the original reserve ratio is applied to the new deposit amount, the correct calculation would result in $2,135, indicating a specific reserve ratio being maintained.

The Following Table Shows a T-Account for Bank a in a New