A bank currently has deposits of $80000. It has actual reserves of $6000 of which $2000 are excess reserves. What is the RRR?

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter12: Money, Banking And The Financial System
Section12.3: How Banking Developed
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A bank currently has deposits of $80000. It has actual reserves of $6000 of which $2000 are excess reserves.
What is the RRR?
Transcribed Image Text:A bank currently has deposits of $80000. It has actual reserves of $6000 of which $2000 are excess reserves. What is the RRR?
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