2-A bank has deposits of $ 6 000 000 , its total actual reserves are $1 200 000 and the legal reserve ratio is 0.12 . (a) What is the amount of reserves ? (b) What is the amount of excess reserves ?...

2-A bank has deposits of $ 6 000 000 , its total actual reserves are $1 200 000 and the legal reserve<br>ratio is 0.12 .<br>(a) What is the amount of reserves ?<br>(b) What is the amount of excess reserves ?<br>(c) If the reserve ratio changes to 0.10 what would be the effect on reserves and total actual<br>reserves ,amount of excess reserves remaining the same ?<br>

Extracted text: 2-A bank has deposits of $ 6 000 000 , its total actual reserves are $1 200 000 and the legal reserve ratio is 0.12 . (a) What is the amount of reserves ? (b) What is the amount of excess reserves ? (c) If the reserve ratio changes to 0.10 what would be the effect on reserves and total actual reserves ,amount of excess reserves remaining the same ?

Jun 08, 2022

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2-A bank has deposits of $ 6 000 000 , its total actual reserves are $1 200 000 and the legal reserve ratio is 0.12 . (a) What is the amount of reserves ? (b) What is the amount of excess reserves ?...

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