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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain why the money listed under assets on a bank balance sheet may not actually be in the bank?

To determine

The reason for the money listed on assets side are might not considered to be actually in the bank.

Explanation

Reserve ratio is defined as the certain percentage of deposits which the commercial bank holds according to the rules and laws set up by the reserve bank of India. It is also known as cash reserve ratio. The Bank capital is the difference between bank assets and bank liabilities. Bank assets are the value which is after the sale.

Bank liability is the liability on bank to repay certain amount of cash. Banks maintain certain amount of cash with them and deposit certain reserves with the RBI as directed by the laws of RBI...

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