If the required reserve ratio is 20 percent and a bank has $100,000 in checkable deposits, then its:
a. required reserves are $500,000.
b. required reserves are $20,000.
c. assets are $500,000

d. liabilities are $500,000.
e. net worth is $500,000.

b

Economics

You might also like to view...

National saving minus investment equals the current account

Indicate whether the statement is true or false

Economics

Does the existence of non-tradable goods allow for deviations from Purchasing power Parity?

What will be an ideal response?

Economics