East Bank has $10,000 in reserves,deposits of $20,000 and a target reserve ratio of 20%.How much is East Bank under- or over-reserved? What should East Bank do?

Name: East Bank has $10,000 in reserves,deposits of $20,000 and a target reserve ratio of 20%.How much is East Bank under- or over-reserved? What should East Bank do?
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Quizplus · Accepted Answer

The Answer of East Bank has $10,000 in reserves,deposits of $20,000 and a target reserve ratio of 20%.How much is East Bank under- or over-reserved? What should East Bank do?

East Bank Has $10,000 in Reserves,deposits of $20,000 and a Target