Answered: If excess reserves are $10,000, demand…

If excess reserves are $10,000, demand deposits are $100,000 and the required reserve ratio is 10%, then total reserves equal ________?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If excess reserves are $10,000, demand deposits are $100,000 and the required reserve ratio is 10%, then total reserves equal ________?

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