The following table lists some statistics on Boring Bank.

-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent,has twice as many excess reserves as required reserves,and has total liabilities of $320,what is Boring Bank's stockholder equity?

Question

The following table lists some statistics on Boring Bank.
 
-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent,has twice as many excess reserves as required reserves,and has total liabilities of $320,what is Boring Bank's stockholder equity?

Quizplus · Accepted Answer

The Answer of The following table lists some statistics on Boring Bank.
 
-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent,has twice as many excess reserves as required reserves,and has total liabilities of $320,what is Boring Bank's stockholder equity?

The Following Table Lists Some Statistics on Boring Bank