A bank has $20 in cash in its vaults, $280 deposited at the central bank, has made $1700 in loans to its customers and has $2000 in deposits from customers. What is this bank's actual reserve ratio? (Round to two decimal places and do not enter the percent. If your answer is 0.114 (11.4%), enter 0.11. If your answer is 0.115 ( 11.5%), enter 0.12. If appropriate, remember to enter the - sign.)

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter12: Money, Banking And The Financial System
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A bank has $20 in cash in its vaults, $280 deposited at the central bank, has
made $1700 in loans to its customers and has $2000 in deposits from
customers.
What is this bank's actual reserve ratio?
(Round to two decimal places and do not enter the percent. If your answer is
0.114 (11.4%), enter 0.11. If your answer is 0.115 (11.5%), enter 0.12. If
appropriate, remember to enter the - sign.)
Transcribed Image Text:A bank has $20 in cash in its vaults, $280 deposited at the central bank, has made $1700 in loans to its customers and has $2000 in deposits from customers. What is this bank's actual reserve ratio? (Round to two decimal places and do not enter the percent. If your answer is 0.114 (11.4%), enter 0.11. If your answer is 0.115 (11.5%), enter 0.12. If appropriate, remember to enter the - sign.)
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