Fill in the blanks: Refer to the above balance sheet (in millions of dollars) for a...

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Fill in the blanks: Refer to the above balance sheet (in millions of dollars) for a...

Fill in the blanks:

Refer to the above balance sheet (in millions of dollars) for a book. Suppose that the bank holds an amount of reserves that is required by law. The required reserve ratio is..................percent. The amount of deposits this bank holds at the Fed is $....................million.

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Answer 1

Answer #1

15; 75

(Required reserve ratio = (Reserves/Deposits)*100 = (75/500)*100 = 15%
Amount of deposits at Fed = $75 million.)

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Answer 2

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