A bank determines that it is prudent to hold $2 for every $100 in deposits. The bank holds desired reserves of $9,000 and surplus reserves of $11,000. What is the bank's desired reserve ratio and its actual reserves?  The bank's desired reserve ratio is ____ percent. The bank's actual reserves are $ _____.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
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Chapter12: Money, Banking And The Financial System
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A bank determines that it is prudent to hold $2 for every $100 in deposits. The bank holds desired reserves of $9,000 and surplus reserves of $11,000. What is the bank's desired reserve ratio and its actual reserves? 

The bank's desired reserve ratio is ____ percent. The bank's actual reserves are $ _____.

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