Homework Help

Business
Economics
a bank has 100000 of checkable deposits and a roquired...

Question: a bank has 100000 of checkable deposits and a roquired...

Question details

A bank has $100,000 of checkable deposits and a roquired reserve ratio of 25 excess reserves? percent. The bank currently holds $75,000 in reserves How much of these reserves are Excess reserves are s.(Round your response to the nearest dollr)

Solution by an expert tutor

Blurred Solution

This question has been solved

Subscribe to see this solution