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Author Question: Bank of Roseland has $700 million in deposits. The required reserve ratio is 15%. Bank of Roseland ... (Read 262 times)

Pea0909berry

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Question 1

Acropolis Bank has $600 million in deposits. The required reserve ratio is 25%. Acropolis Bank must keep ________ in reserves.


◦ $125 million
◦ $150 million
◦ $240 million
◦ $250 million

Question 2

Bank of Roseland has $700 million in deposits. The required reserve ratio is 15%. Bank of Roseland must keep ________ in reserves.


◦ $55 million
◦ $85 million
◦ $105 million
◦ $140 million


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Marked as best answer by Pea0909berry on Apr 19, 2019

frogdreck123456

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