Suppose a bank has a total deposit of $748 million. If the bank's required reserves equal $253 million, total loans equal $368 million, then the bank has excess reserves of:
Suppose a bank has a total deposit of $748 million. If the bank's required reserves equal $253 million, total loans equal $368 million, then the bank has excess reserves of:
Chapter19: Money Creation
Section: Chapter Questions
Problem 2SQ
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Suppose a bank has a total deposit of $748 million. If the bank's required reserves equal $253
million, total loans equal $368 million, then the bank has excess reserves of:
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