Suppose a bank has $6,000 in chequable deposits and the desired reserve ratio is 0.2.And suppose the bank wishes to hold no excess reserves.What are the bank's actual reserves?
A) <$1,000
B) $1,200
C) $3,000
D) $4,000
Correct Answer:
Verified
Q50: Which of the following is a liability
Q51: Suppose a bank has $100 million in
Q52: Suppose the desired reserve ratio is 20
Q53: Suppose a bank has $100 million in
Q54: In what form can bank reserves be
Q56: Suppose a chartered bank has $6,000 in
Q57: Suppose a bank has $8,000 in chequable
Q58: Suppose the First National Bank acquires $500,000
Q59: Suppose the desired reserve ratio is 10
Q60: Suppose a bank's desired reserve ratio is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents