Business

Zander Dyer

31 August, 10:10

Suppose that the reserve ratio is 6%, and applies only to checkable deposits. a bank has non-checkable time deposits of $300 million, checkable deposits of $100 million, and reserves of $8 million. what are the excess reserves of this bank? $5.6 million

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Suppose that the reserve ratio is 6%, and applies only to checkable deposits. a bank has non-checkable time deposits of $300 million, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Why might Belgium, France, Italy, and Sweden have a higher export to GDP ratio than the United States? Select the correct answer below: A. The U. S.

Book value per share may not approximate market value per share because: a. land may have substantially increased in value. b. market value reflects future potential earning power. c.

Consumers are willing to pay more for a product if they perceive the brand as better there are many comparable products it is a complementary product their friends have had a negative experience with it i chose a but it could be c too i dont know

Swedish researchers investigated the relationship between chocolate consumption and stroke. the researchers gave a questionnaire about eating habits to a randomly selected sample of swedish men.

What does deficit spending require a government to do?

New Questions in Business

Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest

Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?

Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.

The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital

The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.