Question

If a bank has excess reserves of $20,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 perc

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Add Required reserves 80000*20% Excess reserves Total Reserves $ $ $ 16,000 20,000 36,000 Answer D

Add a comment
Know the answer?
Add Answer to:
If a bank has excess reserves of $20,000 and demand deposit liabilities of $80,000, and if...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT