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Business, 08.11.2019 00:31 saifallahassefa

Ngus bank holds no excess reserves but complies with the reserve requirement. the required reserves ratio is 99%, and reserves are currently $2727 million. the amount of deposits is $300300 million. (round your response to one decimal place.) the reserve shortage created by a deposit outflow of $55 million is $negative 4.55−4.55 million. (round your response to two decimal places.) the cost of the reserve shortage if angus bank borrows in the federal funds market (assume the federal funds rate is 0.250.25%) is $

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Ngus bank holds no excess reserves but complies with the reserve requirement. the required reserves...
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