If a bank has total deposits of $9,000,000 and reserves of $3,000,000 Instructions: Enter your responses as a whole number. a. what is the current percentage of deposits held in reserve? b. what percentage of deposits are currently loaned out? | %
If a bank has total deposits of $9,000,000 and reserves of $3,000,000 Instructions: Enter your responses as a whole number. a. what is the current percentage of deposits held in reserve? b. what percentage of deposits are currently loaned out? | %
Chapter13: Monetary Policy
Section: Chapter Questions
Problem 8E
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