Order the answer to: Suppose that a bank has checkable deposits of $500, loans

Best Writers business-economics Order the answer to: Suppose that a bank has checkable deposits of $500, loans

business-economics

Order the answer to: Suppose that a bank has checkable deposits of $500, loans

Question Suppose that a bank has checkable deposits of $500, loans of $400 and reserves of $100. If the required reserve ratio is 6%, what are this bank’s excess reserves?  (a) $70 (b) $60 (c) $90 (d) $30
Subject business-economics
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