Business, 27.07.2019 05:10 Delgadojacky0206
The manager of the bank where you work tells you that the bank has $400 million in deposits and $340 million dollars in loans. the fed then raises the reserve requirement from 5 percent to 10 percent. assuming everything else stays the same, how much is the bank holding in excess reserves after the increase in the reserve requirement? $0 $20 million $40 million $60 million
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The manager of the bank where you work tells you that the bank has $400 million in deposits and $340...
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