Business, 21.11.2019 23:31, Lilbre6999

Let’s suppose that a bank has $600 million in total deposits. this bank is subject to a 20% required reserve ratio and has $100 million in reserves. which of the following statements is correct?
choose one:
a. the bank has insufficient reserves. it needs an additional $20 million to meet the reserve requirement.
b. the bank has no excess reserves.
c. the bank has insufficient reserves. it needs an additional $480 million to meet the reserve requirement.
d. the bank has $20 million in excess reserves.
e. the bank has $100 million in excess reserves.

Answers: 1

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Let’s suppose that a bank has $600 million in total deposits. this bank is subject to a 20% required...