Mira deposited $10,000 in a saving account at “B" bank on September 2018. On November 2018 she withdrew the whole amount and deposited $9,000 in a checking account at "S" bank and kept $1,000 in her...


Mira deposited $10,000 in a saving account<br>at “B

Extracted text: Mira deposited $10,000 in a saving account at “B" bank on September 2018. On November 2018 she withdrew the whole amount and deposited $9,000 in a checking account at "S" bank and kept $1,000 in her wallet. Determine M1 and M2 on November 2018. * M1= $10,000; M2= $10,000 M1= 1,000; M2=0 M1= 9,000; M2=9,000 M1=10,000; M2= 0 If excess reserves are $40,000, demand deposits are $1,000,000, and the required reserve ratio is 10%, then actual reserve are: $40,000 O $100,000 $140,000 $200,000

Jun 09, 2022
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