Business, 28.07.2021 03:30, mahmudabiazp3ekot

Suppose that the reserve ratio is 6% and applies only to checkable deposits. A bank has noncheckable time deposits of $300 million, checkable deposits of $100 million, and reserves of $8 million. What are the excess reserves of this bank

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Suppose that the reserve ratio is 6% and applies only to checkable deposits. A bank has noncheckable...