Business, 11.04.2020 00:50, cathysilvestro

Consider the following data about the economy: currency outstanding (C) = $1 trillion, total deposits (D) = $750 billion, total reserves (R) = $76 billion, and the required reserve ratio (RR ratio) = 10%. What is the level of excess reserves for this economy?
A. $1 billion
B. $10 billion
C. $75 billion
D. $76 billion

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:40, paulusl19

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. the bridge will be a unique design, incorporating complex designs that will likely never be duplicated. how should alyssa deal with designing and overseeing the building of the bridge?

Answers: 3

continue

Business, 21.06.2019 22:30, petunia6548

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Answers: 2

continue

Business, 22.06.2019 00:10, wolfycatsz74

Which of the following is a problem for the production of public goods?

Answers: 2

continue

Business, 22.06.2019 07:10, carlybeavers50

In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.

Answers: 2

continue

Do you know the correct answer?

Consider the following data about the economy: currency outstanding (C) = $1 trillion, total deposit...