Consider the following bank. Cash in Vaults=$25 Its deposits at Central Bank-$125 Loans it has made to customers=$600 Its current reserve ratio=0.2 How much do its customers have in deposits at the bank? (Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate, remember to enter the - sign.)

Consider the following bank. Cash in Vaults=$25 Its deposits at Central Bank-$125 Loans it has made to customers=$600 Its current reserve ratio=0.2 How much do its customers have in deposits at the bank? (Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate, remember to enter the - sign.)

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 2.3P

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