Homework Clinic

Social Science Clinic => Economics => Topic started by: tiara099 on Apr 19, 2019

Title: Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ...
Post by: tiara099 on Apr 19, 2019

Question 1

Narnia National Bank has $750 million in deposits. The required reserve ratio is 30%. Narnia National Bank must keep ________ in reserves.

◦ $125 million
◦ $150 million
◦ $225 million
◦ $250 million

Question 2

Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ________ in reserves.

◦ $275 million
◦ $145 million
◦ $120 million
◦ $75 million

Title: Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ...
Post by: carlsona147 on Apr 19, 2019

Answer 1

$225 million

Answer 2

$75 million