The actual reserve ratio is The desired reserve ratio is The desired reserves are S

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter25: Money, Banking, And The Federal Reserve System
Section: Chapter Questions
Problem 16P
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K
A bank holds $10 for every $100 in deposits.
The bank wants to hold $8 for every $100 in deposits.
The bank holds actual reserves of $18,000 and excess reserves of $8,000
What is the actual reserve ratio, the desired reserve ratio, and the desired reserves?
>>> Answer to 2 decimal places
The actual reserve ratio is
The desired reserve ratio is
The desired reserves are S
Transcribed Image Text:K A bank holds $10 for every $100 in deposits. The bank wants to hold $8 for every $100 in deposits. The bank holds actual reserves of $18,000 and excess reserves of $8,000 What is the actual reserve ratio, the desired reserve ratio, and the desired reserves? >>> Answer to 2 decimal places The actual reserve ratio is The desired reserve ratio is The desired reserves are S
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