Mathematics, 21.02.2020 03:55, greenhappypiggies

Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.
If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

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Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.