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Author Question: Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ... (Read 142 times)

tiara099

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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


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Marked as best answer by tiara099 on Apr 19, 2019

carlsona147

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tiara099

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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