Author Question: Refer to the information provided in Table 25.4 below to answer the question(s) that follow. Refer ... (Read 37 times)

mwit1967 · **on:** Apr 19, 2019

Question 1

The Bank of Red Oak has $2 million in deposits and $400,000 in reserves. If excess reserves are equal to $100,000, the required reserve ratio is

◦ 5%.
◦ 10%.
◦ 15%.
◦ 20%.

Question 2

Refer to the information provided in Table 25.4 below to answer the question(s) that follow.

Refer to Table 25.4. If the required reserve ratio is 15%, First Charter Bank

◦ is loaned up.
◦ has too few reserves on hand.
◦ is meeting its required reserve ratio and has $200,000 in excess reserves.
◦ has excess reserves of $100,000.

asdfasdf · **Reply #1 on:** Apr 19, 2019

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