AnastaziaOpfer2176 AnastaziaOpfer2176
  • 14-01-2021
  • Business
contestada

The ABC Commercial Bank has $5,000 in excess reserves and the reserve ratio is 30 percent. This information is consistent with the bank having:

Respuesta :

andromache andromache
  • 15-01-2021

Answer:

$90,000 in checkable deposit liabilities and $32,000 in reserves

Explanation:

The computation is shown below;

As we know that

required reserve =deposit × required reserve ratio

= $90,000 × 0.3

= $27,000

Now

Actual reserves = required reserves + excess reserves

= $27,000 + $5,000

= $32,000

The actual reserve is $32,000 and the deposit is $90,000

So, the first option is correct

And, the remaining options are incorrect

Answer Link

Otras preguntas

PLZ HELP! WIL MARK AS BEST ANSWER
Zbierz przykłady innych wyrażeń i zwrotów pochodzących z Biblii. Uporządkuj je i stwórz mały ilustrowany słownik frazeologizmów biblijnych.
Write or draw to explain a way to find each sum 6+7, 8+4, 2+9
How does lady macbeth explain macbeth's strange behavior at the banquet?
What does the slope mean
plot -2 1/2 and 1 3/4 on a number line
Jimmy has a number cube labeled 1through 6, and a penny. How many different ways can the cube and penny land with one roll of the cube and one flip of the penny
Which sentence is spelled correctly? A.The Lamberts want to see all of us in they're backyard. B.I searched the yard, but I didn't see my brother there. C.Their
The last prison riot in america was the uprising at attica prison in new york in 1971 true or false
What rhetorical features does Stanton use throughout the list of facts, that she presents, beginning with line 32? How does her rhetoric contribute to the power