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? | %

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter13: Monetary Policy
Section: Chapter Questions
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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?
Transcribed Image Text: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?
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