If NCNB Corp's deposits are $12.5 billion,its excess reserves are $100 million,and the reserve requirement is 10%,its actual reserves are

Name: If NCNB Corp's deposits are $12.5 billion,its excess reserves are $100 million,and the reserve requirement is 10%,its actual reserves are
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Actual reserves are calculated by adding the excess reserves to the required reserves. Required reserves are 10% of $12.5 billion, which is $1.25 billion. Adding the excess reserves of $100 million gives $1.35 billion.

If NCNB Corp's Deposits Are $12