Business, 20.11.2019 02:31 Apple557

Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,000 in cash reserves, and made $50,000 in loans. what is the bank’s reserve ratio?
a) 10%
b) 16.6%
c) 20%
d) 25%

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Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,...

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